ACC 541 Week 3 DQ 2

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ACC 541 Week 3 DQ 2 On January 1, 2006, Von
Company entered into two noncancelable leases for
new machines to be used in its manufacturing
operations. The first lease does not contain a
bargain purchase option the lease term is equal
to 80 percent of the estimated economic life of
the machine. The second lease contains a bargain
purchase option the lease term is equal to 50
percent of the estimated economic life of the
machine. How should Von classify each of the two
leases? Why? To purchase this material click
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