Which of the following leases is not likely to be viewed as a lease from...
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Accounting
Which of the following leases is not likely to be viewed as a lease from the perspective of the Internal Revenue Service?
a. a 20 year lease for an asset having an economic life estimated to be 40 years
b. a lease offering a renewal option based on the asset's remaining value at the time of the renewal
c. a lease providing for a purchase option at the end of the lease period for a nominal sum
d. a leveraged lease in which the lessor contributes 40 percent equity
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