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CPA Exam Prep - Lease Framework
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Created December 29, 2025About this video
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If you remember this, leases become easy. What is the CPA exam really
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testing with lease classification? A. Math skills. B.
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Memorization. C. Legal form. D. Economic substance.
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Think... Last one. Correct! It is D, Economic substance.
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FAR asks: Is this a rental or a financed purchase? Every lease rule
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flows from that question. Follow for CPA concepts explained clearly.
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