When the lessor accounts for minimum lease payments, the basis for capitalization includes the guaranteed residual value but excludes the unguaranteed residual value.
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Q2: An operating lease refers to a lease
Q3: If a lease is noncancelable and contains
Q4: Under the operating method, the lessee assigns
Q5: Under the capital lease method, the lessee
Q6: The lessee records a capital lease as
Q8: A lessee would treat guaranteed residual value
Q9: One of the major distinctions between an
Q10: A lessor must be a manufacturer or
Q11: All leases that do not qualify as
Q12: The interest revenue related to a lease
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