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Which party in a capital lease recognizes the indicated expenses pertaining to the lease, over the lease term?
a. lessor: executory
b. lessor: depreciation, executory
c. lessee: interest, depreciation, executory
d. lessee: rent
Financial Accounting, Accounting
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Assessment Task 1 Question no. 1 Assessment Task: Bilby Co's income statement for the year ended 31 December 2015 and statements of financial position at 31 December 2014 and 31 December 2015 were as follows: Bilby co's ...
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