Question: Under ASC 842, lessees would Multiple choice question. classify all leases as operating leases. classify a lease as a finance lease when the lessee is

Under ASC 842, lessees would Multiple choice question. classify all leases as operating leases. classify a lease as a finance lease when the lessee is reasonably certain to exercise an option to purchase the underlying asset. treat leases as finance leases when the present value of the payments and guaranteed residual is 80% or more of the assets fair value. treat all leases with lease terms in excess of one year as finance leases

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