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minty_icy minty_icy
wrote...
Posts: 202
5 years ago
If the title to a leased asset does not transfer to the lessee at the end of the lease term, but the
lessee guarantees the residual, what is the period and residual value used by the lessor to
depreciate the leased asset?
Period Residual value
1 lease term 0
2 lease term lessee guarantee
3 remaining life at inception lessee guarantee
4 remaining life at inception 0
A) Choice 1
B) Choice 2
C) Choice 3
D) Choice 4
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
Read 58 times
1 Reply
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Answer verified by a subject expert
vanna2014vanna2014
wrote...
Posts: 120
5 years ago
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minty_icy Author
wrote...

5 years ago
Smart ... Thanks!
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks
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