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Home Q & A Board Other Fields Homework Help Business Accounting
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laurenmazzant laurenmazzant
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5 years ago
The lessee should use the lessors borrowing rate (if known) to account for a finance
lease, even if this provides a present value of lease payments that is higher than the fair
value of the asset at the inception of the lease.
[True or False?]
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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shangshangshangshang
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5 years ago
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laurenmazzant Author
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5 years ago
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