Leasing is generally more expensive than borrowing to buy, and FASB 13 has reduced the availability of

Question:

Leasing is generally more expensive than borrowing to buy, and FASB 13 has reduced the availability of off financing. Why then is leasing popular?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...