Question: An operating lease generally: a) is fully amortized. b) has a term that exceeds the economic life of the leased asset. c) requires the lessee

An operating lease generally:

a) is fully amortized.

b) has a term that exceeds the economic life of the leased asset.

c) requires the lessee to maintain the leased asset.

d) requires the lessee to return the leased asset to the lessor if the lease is cancelled.

e) cannot be cancelled.

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