The carrying amount of the right of use asset from the capitalization of a lease would be periodically reduced by a. Portion of the lease payment allocable to reduction of the lease liability b. Total lease payments c. Potion of the lease payment allocable to the interest d. Depreciation of the asset
The carrying amount of the right of use asset from the capitalization of a lease would be periodically reduced by a. Portion of the lease payment allocable to reduction of the lease liability b. Total lease payments c. Potion of the lease payment allocable to the interest d. Depreciation of the asset
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter20: Accounting For Leases
Section: Chapter Questions
Problem 8MC: At its inception, the lease term of Lease G is 65% of the estimated remaining economic life of the...
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The carrying amount of the right of use asset from the capitalization of a lease would be periodically reduced by
a. Portion of the lease payment allocable to reduction of the lease liability
b. Total lease payments
c. Potion of the lease payment allocable to the interest
d. Depreciation of the asset
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