A lease is classified as a finance lease because it meets the criterion that the...
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Accounting
A lease is classified as a finance lease because it meets the criterion that the lease term is more than 75% of the rented asset's life. For how long should that asset be amortized?
A. It is not amortized because the lessee is not the owner.
B. The useful life.
C. An average of the useful life and lease term.
D. The lease term.
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