When a residual value is unguaranteed, does the lessor in a sales-type capital lease deduct the present

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When a residual value is unguaranteed, does the lessor in a sales-type capital lease deduct the present value of the unguaranteed residual value from both the sales amount and the cost of goods sold? Explain.

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Question Posted: Nov 24, 2015 05:32 AM

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When a residual value is unguaranteed, does the lessor in a sales-type capital lease deduct the present

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In cases where the residual value is not guarantee...View the full answer

Intermediate Accounting

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