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Lease X does not contain a bargain purchase option,but the lease term is equal to 90 percent of the estimated economic life of the leased property.Lease Y does not transfer ownership of the property to the lessee by the end of the lease term,but the lease term is equal to 75 percent of the estimated economic life of the leased property.How should the lessee classify these leases? Lease X Lease Y
Past Experiences
Events or occurrences from an individual's life that influence their behaviors, decisions, and perceptions in the present.
Stereotypes
Oversimplified generalizations about a group or category of people that may or may not accurately reflect reality.
Perceptual Error
A mistake in judgment or interpretation due to incorrect or inaccurate perception of information.
Political Views
An individual’s or group’s ideologies or beliefs about how a country should be governed and what policies should be implemented.
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