McCabe Institute leased a new machine having an expected useful life of 1 . years. The noncancelable lease term is 1 . years, and McCabe may exercise a purchase option at the end of the noncancelable term. The machine should be capitalized by McCabe and depreciated over
a. 10 or 1 . years at McCabe's option.
b. 12 years.
c. 10 years.
d. 9 years.
A
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