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finance lease-lease receivable

Former userFormer user5y ago

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stephenwidbergstephenwidbergTutor5y ago#1
At the end of the asset life the lessor will sell it. Residual value = expected sales proceeds. Sometimes lessee promises to pay some money to lessee (if, for example, they have damaged the asset). This would be 'guaranteed residual value' - anything else would be 'unguaranteed'.
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