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  3. Study Set
    Intermediate Accounting Study Set 5
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    Exam 15: Leases
  5. Question
    When the Lessee Guarantees an Estimated Residual Value of $75,000,the
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When the Lessee Guarantees an Estimated Residual Value of $75,000,the

Question 87

Question 87

True/False

When the lessee guarantees an estimated residual value of $75,000,the amount the lessee records as a leased asset and lease liability is increased by $75,000.

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