For a Lessor to Classify a Lease as a Capital

question 42

True/False

For a lessor to classify a lease as a capital lease, there can be no material uncertainties regarding the amount of reimbursable costs to be incurred by the lessee.

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Definitions:

-Penia

A suffix used in medical terms to denote a deficiency or decrease of something.

Deficient

Lacking in some element or aspect; insufficient.

-Lysis

A suffix indicating the breakdown or decomposition of a substance.

Separation, Breakdown

The process of dividing into parts or the decomposition of substances into simpler forms.