Question: Please answer the following question. I really appreciate your help. Thank you and hope you enjoy the rest of your weekend Glade Co. leases computer
Please answer the following question. I really appreciate your help. Thank you and hope you enjoy the rest of your weekend

Glade Co. leases computer equipment to a customer under a direct-financing lease. Which of the following must be true about the lease contract? A third party guarantees the residual value of the leased asset. The asset is of specialized nature, which means it has no alternative use to the lessor at the end of the lease term. O OOO The lessee is given an option to purchase the asset and the lessee is reasonably certain to exercise this option. The lease term is for a major part of the economic life of the asset (i.e., substantially all of the asset's useful life)
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