Which of the following is true about a capital lease?
A)results in the recognition of depreciation expense on the leased asset
B)requires the recognition of a liability on the balance sheet
C)requires the reporting of periodic interest expense
D)all of the above are correct

Question

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The Answer of Which of the following is true about a capital lease?
A)results in the recognition of depreciation expense on the leased asset
B)requires the recognition of a liability on the balance sheet
C)requires the reporting of periodic interest expense
D)all of the above are correct

Which of the Following Is True About a Capital Lease