Describe briefly the procedures followed by the lessee to account for a finance lease.

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Jul 15, 2019 10:30 AM

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Describe briefly the procedures followed by the lessee to account for a finance lease.

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Under a finance lease the lessee records the present value of the lea...View the full answer

Intermediate Accounting Reporting and Analysis

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