Question: View Policies Current Attempt in Progress Under the operating lease method, the lessor no longer reports the underlying asset on its balance sheet. realizes a

View Policies
Current Attempt in Progress
Under the operating lease method, the lessor
no longer reports the underlying asset on its balance sheet.
realizes a gross profit on the sale of the asset.
continues to recognize the underlying asset on its balance sheet and recognizes lease revenue.
recognizes rental revenue using the effective interest amortization method.
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