The argument was advanced that manufacturers and dealers often engaged in leasing transactions that, except for the exclusion of sales-type leases,

The argument was advanced that manufacturers and dealers often engaged in leasing transactions that, except for the exclusion of sales-type leases, would otherwise meet the denition of a leveraged lease as set forth in paragraph 42. Specically, it was asked why should not a manufacturer record manufacturing prot for a sales-type lease and then also account for it as a leveraged lease, if it otherwise meets the denition?

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