Question: When a company sells an asset and simultaneously leases it back, what criteria must be met to apply sale lease back accounting rather than accounting

When a company sells an asset and simultaneously leases it back, what criteria must be met to apply sale lease back accounting rather than accounting for the transaction as a loan?

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When a company sells an asset and simultaneously leases it back, what criteria must be met to apply saleleaseback accounting rather than accounting for the transaction as a loan?

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