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A need statement should specify who is the target of the problem,what changes are desired,what degrees of change is desired,and which of the following?
Lessor
The owner of an asset that is leased to another party, referred to as the lessee.
Depreciated Historical Cost
The original cost of an asset minus accumulated depreciation, representing its value over time for accounting purposes.
Residual Value Guarantee
A promise that at the end of a lease, the asset being leased will have a certain value, often used in finance and leasing agreements.
Minimum Lease Payments
The total of all lease payments that the lessee is required to make over the lease term, excluding executory costs.
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