Question $7(0\mathrm{.}15$ points$)$

Which of the following statement is $($are$)$ true about leasing? $($select all that apply$)$

Leasing provides all the rights and benefits of ownership of the asset.

The leased asset can be returned at any time without any additional cost.

Leasing is a contractual agreement with monthly payments for the use of an

asset over a set period of time.

Leasing typically requires a small security deposit, whereas buying can require a

large down payment.