The cost of the asset to be recorded is equal

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Reference no: EM13746928

With a capital lease, the cost of the asset to be recorded is equal to:

a. the present value of the fair value of asset or minimum lease payments, whichever is less.

b. the lessor’s asset book carrying value.

c. the present value of minimum lease payments.

d. the present value of unguaranteed residual value and present value of minimum lease payments.

Reference no: EM13746928

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