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Business, 12.12.2019 05:31 aprilpendergrass

Lease m does not contain a purchase option, but the lease term is equal to 91% of the estimated economic life of the leased property. lease p does not transfer ownership of the property to the lessee by the end of the lease term, but the lease term is equal to 77% of the estimated economic life of the leased property. how should the lessee classify these leases? lease m lease p a. finance lease operating leaseb. finance lease finance leasec. operating lease finance leased. operating lease operating lease

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