For a lessor that reports under U.S. GAAP, a lease is classified as an operating...
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For a lessor that reports under US GAAP, a lease is classified as an operating lease if: a the fair value of the asset is greater than the sum of the lease payments and the asset's expected residual value. b ownership risks are not substantially transferred to the lessee. c it cannot be classified as a salestype lease or a direct financing lease.
For a lessor that reports under US GAAP, a lease is classified as an operating lease if:
a the fair value of the asset is greater than the sum of the lease payments and the asset's expected residual value.
b ownership risks are not substantially transferred to the lessee.
c it cannot be classified as a salestype lease or a direct financing lease.
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