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CLFP Financial and Tax Accounting for Leases Practice Exam Flash Cards

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Unguaranteed Residual Value is defined as

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The estimated residual value exclusive of any portion guaranteed by the lessee or by a third party unrelated to the lessor. If the guarantor is related to the lessor, the residual value is considered unguaranteed

CLFP Financial and Tax Accounting for Leases Practice Exam Flash Cards

Unguaranteed Residual Value is defined as

?

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