Multiple Choice
How is a guaranteed residual value accounted for when computing minimum lease payments?
A) The present value of the guaranteed residual value is added in to determine the minimum lease payments.
B) It is ignored.
C) The future value of the guaranteed residual value is added in to determine the minimum lease payments.
D) The excess of guaranteed residual value over estimated residual value is added in to determine the minimum lease payments.
Correct Answer:
Verified
Correct Answer:
Verified
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