Question: Under the operating lease method, the lesvor no longer reports the underlying asset on its balance sheet. realizes a gross profit on the sale of

Under the operating lease method, the lesvor
no longer reports the underlying asset on its balance sheet.
realizes a gross profit on the sale of the asset.
continues to recognire the underlying anset on its balance theet and recognizes lease revenue.
recogrises rental reverue using the effective interest amortication method.
Under the operating lease method, the lesvor no

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