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    Intermediate Accounting Study Set 4
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    Exam 22: Accounting Corrections and Error Analysis
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    By Leasing an Asset for Less Than 75% of Its
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By Leasing an Asset for Less Than 75% of Its

Question 13

Question 13

True/False

By leasing an asset for less than 75% of its economic life or less than 90% of its fair value,a company can avoid classifying the lease as a capital lease.

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