From the lessee's viewpoint, an unguaranteed residual value is the same as no residual value in terms of computing the minimum lease payments.
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Q5: In computing the annual lease payments, the
Q6: The FASB agrees with the capitalization approach
Q7: The gross profit amount in a sales-type
Q8: When the lessee agrees to make up
Q9: The primary difference between a direct-financing lease
Q11: Executory costs should be excluded by the
Q12: Minimum rental payments are the same as
Q13: The FASB requires lessees and lessors to
Q14: Companies must periodically review the estimated unguaranteed
Q15: Lessors classify and account for all leases
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