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If the Lessor Retains Title to Leased Property Under the Terms

Question 248

Essay

If the lessor retains title to leased property under the terms of a lease and a guaranteed residual value is included,________.
A)the minimum lease payments will be reduced
B)the minimum lease payments will be increased
C)the minimum lease payment will remain unchanged
D)the lessor will depreciate the residual value on its books

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