Which of the following is not one of the procedures for accounting by the lessee for a decrease in lease scope? a. both are required accounting procedures b. both are not required accounting procedures c. Adjustment of the decreased finance lease liability to the present value of future lease payments d. Decrease in the right of use asset equal to that of the peso decrease in finance lease liability to reflect decrease in scope
Which of the following is not one of the procedures for accounting by the lessee for a decrease in lease scope? a. both are required accounting procedures b. both are not required accounting procedures c. Adjustment of the decreased finance lease liability to the present value of future lease payments d. Decrease in the right of use asset equal to that of the peso decrease in finance lease liability to reflect decrease in scope
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 8RE: Use the following information to decide whether this equipment lease qualifies as an operating,...
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Which of the following is not one of the procedures for accounting by the lessee for a decrease in lease scope?
a. both are required accounting procedures
b. both are not required accounting procedures
c. Adjustment of the decreased finance lease liability to the present value of future lease payments
d. Decrease in the right of use asset equal to that of the peso decrease in finance lease liability to reflect decrease in scope
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