1.Connors Construction needs a piece of equipment that can be leased or purchased. The equipment costs $100....
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1.Connors Construction needs a piece of equipment that can be leased or purchased. The equipment costs $100. One option is to borrow $100 from the local bank and use the money to buy the equipment. The other option is to lease the equipment. If Connors chooses to lease the equipment, it will not capitalize the lease on the balance sheet.
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