At the time of the issuance of a note payable the incremental interest rate is what one would pay for similar financing.

Name: At the time of the issuance of a note payable the incremental interest rate is what one would pay for similar financing.
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Quizplus · Accepted Answer

The incremental borrowing rate is the interest rate a lessee would have to pay to borrow, under similar terms and conditions, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment.

At the Time of the Issuance of a Note Payable