Identify whether the following are lease characteristics relevant to the classification of a lease as a finance
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Identify whether the following are lease characteristics relevant to the classification of a lease as a finance (capital) lease for the lessor.
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ਜੇ b. C. d. C. f. Lease transfers title to the lessee at the end of the lease. Lease payments include payments for related non-lease components. Lease transfers substantially all risks and rewards of ownership. Lease is for tangible property. Lease is for intangible property. Lease is considered long term. Yes/No
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a Yes b Yes c Yes d Yes e No f No The criteria used to classify a lease as a finance capital lease f...View the full answer
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