Business, 23.03.2020 17:22 sakugrey

Bailey Co. has leased a refrigeration unit from Hallogren Company (lessor). The lease agreement is for 16 months and does not include a purchase option. The fair value of the refrigeration unit is $4,000. Under what may the lessee elect not to recognize the right-of-use asset and lease liability?

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Bailey Co. has leased a refrigeration unit from Hallogren Company (lessor). The lease agreement is f...