Which Statement Is Correct About the "Guaranteed Residual Value

question 31

Multiple Choice

Which statement is correct about the "guaranteed residual value"?

• A) It is not included in the minimum lease payment calculation.
• B) Lessee assumes the risk of the property falling below the guaranteed amount.
• C) Lessor assumes the risk of the property falling below the guaranteed amount.
• D) It is an executory cost in the lease arrangement.

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