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The amount to be recorded by a proprietary fund as the cost of the asset acquired under a capital lease agreement a. is the lesser of the present...
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21.

The amount to be recorded by a proprietary fund as the cost of the asset acquired undera capital lease agreement a.

is the lesser of the present value of the rental and other minimum lease payments or the fair value of the leased property b.is not the greater of the present value of the rental and other minimum lease payments or the fair value of the leased property c.is not the present value of the rental and other minimum lease paymentsd.is not the fair value of the leased property
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