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Determine whether the following statement is true of a capital lease, an operating lease, neither or both. A commercial financing agreement in which a company
Determine whether the following statement is true of a capital lease, an operating lease, neither or both.
"A commercial financing agreement in which a company rents an asset like heavy equipment from a lessor."
- a.)
- Capital lease
- b.)
- Neither
- c.)
- Both
- d.)
- Operating lease
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