guaranteed residual value.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
49
Transcribed Image Text:Which of the following statements is true about guaranteed residual value. *
Its present value is added to the finance lease receivable by the lessor
O it is not included in the capitalized cost of the right-of-use asset by the lessee
O Its present value is deducted from cost of sales
O Its present value is added to sales
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