Under the new accounting standard for leases (effective 2019), there are four tests established by GAAP to determine whether a lease is a finance lease. List the four tests that lessors use to assess whether the lease is a finance lease. How do these tests differ from the criteria used to determine if a lease should be capitalized under the pre-2019 accounting standard for leases?

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The Answer of Under the new accounting standard for leases (effective 2019), there are four tests established by GAAP to determine whether a lease is a finance lease. List the four tests that lessors use to assess whether the lease is a finance lease. How do these tests differ from the criteria used to determine if a lease should be capitalized under the pre-2019 accounting standard for leases?

Under the New Accounting Standard for Leases (Effective 2019), There