Samson Inc. leases equipment from Gerhard for a six-year period. The lease contract includes a...
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Samson Inc. leases equipment from Gerhard for a six-year period. The lease contract includes a purchase option, the conditions of which make it likely that Samson will exercise the option. The equipments estimated useful life is eight years. Samson should amortize the associated right-to-use asset over
A: 8 yrs
B: either 6 and 8 yrs
C:7 yrs
D:6 yrs
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