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    Intermediate Accounting Study Set 7
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    Exam 18: Extension: Ol Accounting for Leases Current Standard
  5. Question
    A Lease Is Classified as a Capital Lease If the Lease
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A Lease Is Classified as a Capital Lease If the Lease

Question 114

Question 114

True/False

A lease is classified as a capital lease if the lease term is at least 75% of the estimated life for the property.

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