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Which of the approaches did the fasb recently adopt

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Problem 1: Which of the following approaches did the FASB recently adopt regarding capitalization of leases?

a. Do not capitalize any leased assets.

b. Capitalize leases that are similar to installment purchases.

c. Capitalize all long-term leases.

d. Capitalize firm leases where the penalty for nonperformance is substantial.

Reference no: EM132744795

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