Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whiche...

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Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whiche...

Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whichever is shorter...

True or False?

business accounting

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Answer 1

Answer #1

True,

A company capitalizes on the cost of these improvements and subsequently depreciates them over the economic life of the improvements or the life of the lease (lease term), whichever is shorter.

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Answer 2

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Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whiche...

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Question 21 Alessee with a finance lease containing a bargain purchase option should amortize the leased...

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Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whiche...

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Improvements made to a leased property should be capitalized over the life of the lease or the life of the assets whiche...