D is corrent. Per ASC Topic 840, revenue is to be recognized for a sales-type lease over the lease term in order to produce a constant rate of return on the net investment in the lease. This requires the use of the interest method.
A is incorrect. Per ASC Topic 840, revenue is to be recognized for a sales-type lease over the lease term in order to produce a constant rate of return on the net investment in the lease. This requires the use of the interest method.
A is incorrect. Per ASC Topic 840, revenue is to be recognized for a sales-type lease over the lease term in order to produce a constant rate of return on the net investment in the lease. This requires the use of the interest method.
A is incorrect. Per ASC Topic 840, revenue is to be recognized for a sales-type lease over the lease term in order to produce a constant rate of return on the net investment in the lease. This requires the use of the interest method.
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