Question
A financial lease has the following as its primary characteristics:A. is fully amortized, lessee maintains equipment and there is no renewal clause and no cancellation
A financial lease has the following as its primary characteristics:A. is fully amortized, lessee maintains equipment and there is no renewal clause and no cancellation clause.
. | is not fully amortized, lessor maintains equipment and there is a renewal clause but no cancellation clause.(B)
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