For a capital lease, the amount recorded initially by the lessee as a liability should normally Exceed
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Question:
as a liability should normally
Exceed the total of the minimum lease payments.
Exceed the present value of the minimum lease payments
at the beginning of the lease.
Equal the total of the minimum lease payments.
Equal the present value of the minimum lease payments
at the beginning of the lease
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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