1. The gross capitalized cost (gross cap cost) includes the price of the vehicle plus what the...

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1. The gross capitalized cost (gross cap cost) includes the price of the vehicle plus what the leasor paid to finance the purchase plus any other items the lessee agree to pay for over the life of the lease, including insurance or a maintenance agreement.

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Personal Finance

ISBN: 9780618938735

9th Edition

Authors: E. Thomas Garman, Raymond Forgue

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