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1. ASC guidance provides a rule of thumb for determining whether the lease term spans...

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Accounting

1. ASC guidance provides a rule of thumb for determining whether the lease term spans a major part of the remaining economic life of the asset. What is that rule of thumb?

2. ASC guidance provides a rule of thumb for determining whether the sum of the present value of lease payments and present value of Lessee guaranteed residual value equals or exceeds substantially all of the fair value of the asset. What is that rule of thumb?

SITE ASC FOR BOTH

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