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Each of the Four Independent Situations Below Describes a Lease

Question 30

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Each of the four independent situations below describes a lease requiring annual lease payments of $30,000.
Each of the four independent situations below describes a lease requiring annual lease payments of $30,000. Required: For each situation,determine the appropriate lease classification by the lessee and indicate why.
Required:
For each situation,determine the appropriate lease classification by the lessee and indicate why.

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