If a lease agreement states that 'the lessee guarantees a residual value, at the end of the

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If a lease agreement states that 'the lessee guarantees a residual value, at the end of the lease term, of $20 000', what does this mean?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:03 PM

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If a lease agreement states that 'the lessee guarantees a residual value, at the end of the

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The guaranteed residual valueis that part of the residual value of the ...View the full answer

Applying International Financial Reporting Standards

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