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A company leases machinery and properly classifies the leases into capital leases. 1.    A company leases machinery and properly classifies the leases into capital leases. The leases have a ten-year term and the lease calculations were done three years ago when interest rates were lower. Which of the following is the appropriate accounting treatment, if any, for the application of the fair value option to lease […]

A company leases machinery and properly classifies the leases into capital leases. 1.    A company leases machinery and properly classifies the leases into capital leases. The leases have a ten-year term and the lease calculations were done three years ago when interest rates were lower. Which of the following is the appropriate accounting treatment, if any, for the application of the fair value option to lease […]

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