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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    Under a Capital Lease, the Lessee Reports Both Interest Expense
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Under a Capital Lease, the Lessee Reports Both Interest Expense

Question 9

Question 9

True/False

Under a capital lease, the lessee reports both interest expense and depreciation expense associated with the lease.

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