Final answer:
In lease agreements, the lessor includes the leased asset's residual value in the lease payments if the residual value is guaranteed or unguaranteed, primarily affecting payment calculations significantly when it is guaranteed.
Step-by-step explanation:
The question relates to how the residual value of a leased asset is accounted for in lease payments. In accounting and lease agreements, if the residual value is guaranteed, it is included in the amount to be recovered through lease payments. This means that the lessor expects to recover the guaranteed residual value from the lessee through the lease payments. If the residual value is unguaranteed, the lessor bears the risk that the value of the asset at the end of the lease term may be lower than expected.
Therefore, the correct answer to the question, "The lessor includes the leased asset's residual value in the amount to be recovered through lease payments if the residual value is," is 'c. guaranteed or unguaranteed.' However, it is mainly when the residual value is guaranteed that it significantly factors into the lease payment calculations.
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