Unlike in a direct-financing lease, the fair value in a sales-type lease does not equal the carrying cost of the leased asset.

Name: Unlike in a direct-financing lease, the fair value in a sales-type lease does not equal the carrying cost of the leased asset.
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In a sales-type lease, the fair value of the leased asset equals its carrying amount at the inception of the lease, which is a key difference from a direct-financing lease where the fair value and carrying amount may not necessarily be equal.

Unlike in a Direct-Financing Lease, the Fair Value in a Sales-Type