Quiz 15.112 – Amortization Period for Right-of-Use Asset under a Finance Lease with a Purchase Option

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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What must the amortization period used by the lessee be for a right-of-use asset that qualifies as a finance lease due to the presence of a purchase option that is reasonably certain to be exercised?

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  • Search Terms: a agreement amortization and as asset asset, at be be: a) because by certain contains economic effect. c) exercised, finance for is lease lease. d) lessee lessor. b) life must of option or period purchase qualifies reasonably right-of-use same shorter. term that the time to took under used was whichever
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