Why does a lessor sometimes record a residual asset in a lease transaction? What determines the amount

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Why does a lessor sometimes record a residual asset in a lease transaction? What determines the amount recorded as a residual asset?

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Dec 23, 2013 10:47 AM

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Why does a lessor sometimes record a residual asset in a lease transaction? What determines the amount

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The lessor records a receivable for the present value of the lease payments If that ...View the full answer

Intermediate accounting

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