In a direct-finance capital lease, when does the lessor report profit on the sale of the leased

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In a direct-finance capital lease, when does the lessor report profit on the sale of the leased asset?

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Jul 19, 2016 05:52 AM

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In a direct-finance capital lease, for how long does a lessor keep the leased assets on its books?
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Outline the accounting procedures involved in applying the operating lease method by a lessee.
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In a direct-finance capital lease, when does the lessor report profit on the sale of the leased

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Intermediate Accounting

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