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Question(s) / Instruction(s):

A lessee with a capital lease containing a bargain purchase option should depreciate the leased asset over the
Question 29 options:

a) term of the lease.

b) life of the asset or the term of the lease, whichever is shorter.

c) life of the asset or the term of the lease, whichever is longer.

d) asset's remaining economic life.

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