Describe the following terms: (a) Residual value, (b) Guaranteed residual value, (c) Initial direct costs.

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Describe the following terms:
(a) Residual value,
(b) Guaranteed residual value,
(c) Initial direct costs.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 09:45 AM

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Describe the following terms: (a) Residual value, (b) Guaranteed residual value, (c) Initial direct costs.

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a Residual value is the expected value of the leased asset at the ...View the full answer

Intermediate Accounting IFRS

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