The following are characteristics of a lease:
Required:
Determine the appropriate classification for this lease for the lessor (who is not the manufacturer)and record the journal entries for the lessor for the first year of the lease.
Definitions:
Festination
Tendency to engage in a behavior, such as walking, faster and faster.
Motor Initiation Problem
Difficulties in beginning or carrying out voluntary muscle movements, often associated with neurological disorders.
Balance Disorder
A condition that makes one feel unsteady or dizzy, as if moving, spinning, or floating, often related to disturbances in the inner ear or brain.
Festination
A phenomenon often observed in Parkinson's disease, characterized by rapid, short, shuffling steps.
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