A lease that has a lease term (including any options to terminate or renew that are reasonably

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A lease that has a lease term (including any options to terminate or renew that are reasonably certain) of twelve months or less is considered a "short-term lease." How does a lessee record a lease using the short-cut approach available as an option for short-term leases?
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Intermediate Accounting

ISBN: 9781259722660

9th Edition

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

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