(B) FALSE
The incremental borrowing rate is the rate of return that the lessor desires to earn and is used to calculate the lease payments.
The implicit rate detrmined is the desired rate given to the lesser. The rate on the lease that is to paid by the lesee borrowed over with a similar security funds necessary desire to obtain an asset of a similar value similar to right of use asset in an economic environment.
It is defined in accounting standards collaterized payments. Provides the right to use an asset over a period of time, lessee pays the less amount in turn.
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