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Q: Efforts Ltd negotiated a lease on the following terms: the term of the lease was 5 years; the estimated useful life of the leased equipment was 10 years; the purchase price was $ 60,000; and the
annual lease payment was $ 5,000. This lease should be classified as- Options An Operating Lease A Finance Lease Sale and Lease Back Leveraged Lease
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Asked 9/23/2013 10:48:49 AM
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