The amount of each rental payment on a sales type lease is based on the:
A)cost of the asset plus interest.
B)cost of the asset, profit, and interest.
C)cost of the leased asset.
D)cost of the asset plus profit.

Question

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The Answer of The amount of each rental payment on a sales type lease is based on the:
A)cost of the asset plus interest.
B)cost of the asset, profit, and interest.
C)cost of the leased asset.
D)cost of the asset plus profit.

The Amount of Each Rental Payment on a Sales Type