Deane Company leases office space from Blossom Building Associates for a term of 20 years in order

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Deane Company leases office space from Blossom Building Associates for a term of 20 years in order to expand its operations into the sou them region of the state. The office space includes the use of office equipment and computer equipment. In addition. Blossom will provide maintenance of all items of equipment included in the agreement and basic repairs and maintenance of the office as needed (e.g., air conditioning, cleaning services, and elevator repairs). The maintenance is included in the annual lease payments. How many lease components are included in the contract and specifically, what are they?

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Intermediate Accounting

ISBN: 978-0134730370

2nd edition

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

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