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Basic Question 12 of 16
A lessee must amortize leasehold improvements over the economic life of the improvement or ______.
B. the life of the lease, whichever is longer
C. 40 years, whichever is shorter
A. the life of the lease, whichever is shorter
B. the life of the lease, whichever is longer
C. 40 years, whichever is shorter
User Contributed Comments 2
| User | Comment |
|---|---|
| synner | A lessor must amortize leashold improvements over the economics life of the improvement or the life of the lease, whichever is shorter. |
| 2014 | what is improvement ? asset ? |
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Martin Rockenfeldt
Learning Outcome Statements
explain the financial reporting of leases from the perspectives of lessors and lessees
CFA® 2024 Level I Curriculum, Volume 2, Module 8.