If all of the following are provided for by a lease contract, which one is not included in minimum lease payments for the lessee?

Question

Quizplus · Accepted Answer

The unguaranteed residual value is not included in the minimum lease payments for the lessee. Minimum lease payments typically include the payments made during the lease term, any guaranteed residual value, and a bargain purchase option price, but not the unguaranteed residual value, which is the amount the lessee is not obligated to ensure the asset is worth at the end of the lease term.

If All of the Following Are Provided for by a Lease