Multiple Choice
According to CICA,for a capital lease,the present value of the future lease payments is listed as ________,and the interest portion of the lease payment is deducted as ________.
A) a tangible asset; a depreciation expense
B) a current asset; an amortization expense
C) an intangible asset; an interest expense
D) a liability; an interest expense
Correct Answer:
Verified
Correct Answer:
Verified
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