At its inception the lease term of lease g is 65 of the, Ask an Expert

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At its inception, the lease term of Lease G is 65% of the estimated remaining economic life of the leased property. This lease contains a bargain purchase option. The lessee should record Lease G as

a. Neither an asset nor a liability
b. An asset but not a liability
c. An expense
d. An asset and a liability

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91953985

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