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  3. a lessee's option to purchase a leased asset at a

A lessee's option to purchase a leased asset at a price that is substantially lower...

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Accounting

A lessee's option to purchase a leased asset at a price that is substantially lower than the asset's fair value is referred to as a ________.

A. bargain purchase option

B. guaranteed purchase option

C. early purchase option

D. residual purchase option

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