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Paris company leased a new machine having an expected useful life of 12 year

Paris company leased a new machine having an expected useful life of 12 years. The non cancellable lease term is 10 years, and Paris may exercise a bargain purchase option at the end of the non cancellable term. The machine should be capitalized by Paris and depreciated over:

(a).9 years.

(b). 10 years.

(c).12 years.

(d). 10 or 12 years at Paris' option.

May 03 2018 View more View Less

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