Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification…

Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where would the capital lease be reported in the government’s financial statements? 150 words or more list any reference used. Thanks

QUESTION:Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where would the…

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