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Home Q & A Board Other Fields Homework Help Business Accounting
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rvahey rvahey
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6 years ago
How is an unguaranteed residual value accounted for by the lessee 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 by the lessee to determine the minimum lease payments.
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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rene_ram97rene_ram97
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6 years ago
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rvahey Author
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#2
6 years ago
Thank you, thank you, thank you!
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