Quiz 15.08 – T/F Estimated Residual Value’s Role in Calculating Lease Payments for Lessor

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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When the lessee is anticipated to assume ownership of a leased asset at the end of the lease term, the lessor is required to utilize an estimated residual value to determine the lease payments needed to attain a target rate of return.

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  • Search Terms: a achieve an asset at calculating desired end estimated expected if is lease leased lessee lessor must necessary of ownership payments rate residual return. take term, the to use value when
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