Which of the following are true for both an operating as well as a financial lease: A.
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Question:
Which of the following are true for both an operating as well as a financial lease:
A. | Cancellation clauses are lower for financial leases than operating leases. | |
B. | Lessor carries insurance and maintenance costs for financial leases but not operating leases. | |
C. | Financial leases approximate the purchase price whilst operating leases do not. | |
D. | The intention of the operating and financial lease is to obtain eventual ownership of the asset. |
Related Book For
Introduction to Probability and Statistics
ISBN: 978-1133103752
14th edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
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