Which of the following would be considered an operating lease? Assume all leases are noncancelable....
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Accounting
Which of the following would be considered an operating lease? Assume all leases are noncancelable.
a) Lessee rents equipment for 5 years. The equipment has a useful life of 8 years.
b) Lessee rents equipment with a bargain purchase option.
c) Lessee rents equipment and the equipment title does transfer over.
d) Lessee rents equipment in which the present value of the minimum lease payments are $40,000 and the fair value of the equipment is $42,000.
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