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For a Capital Lease,an Amount Equal to the Present Value

Question 55

Multiple Choice

For a capital lease,an amount equal to the present value of the minimum lease payments should be recorded by the lessee as a(n) :


A) Asset and a liability.
B) Asset and a different amount should be recorded as a liability.
C) Liability and a different amount should be recorded as an asset.
D) Expense.

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