Both Guaranteed and Unguaranteed Residual Values Should Be Included in the Calculation

question 177

True/False

Both guaranteed and unguaranteed residual values should be included in the calculation of the lessee's minimum lease payments of the lessee.

---

Definitions:

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.

Sale of Goods

A transaction between a buyer and a seller involving the exchange of tangible personal property for payment.

Gift

A voluntary transfer of property or funds from one person to another without expecting anything in return.