Question: Write your answer in the space provided or on a separate sheet of paper. [5 points] Listed below are five terms followed by a list

Write your answer in the space provided or on a separate sheet of paper.

  1. [5 points]Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
TERM PHRASE NUMBER
1. No amortization of lease asset Amortization a "plug" figure. _________
2. Lessee's guarantee Residual value. _________
3. Nonlease components Maintenance fees. _________
4. Bargain purchase option Additional cash payment included in lease liability calculation. __________
5. Operating lease Short-term lease. __________

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