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Classify the types of leases described below. The lessor buys a new asset from a manufacturer or distributor, and generally does not provide maintenance service
Classify the types of leases described below. The lessor buys a new asset from a manufacturer or distributor, and generally does not provide maintenance service to the lessee. A. Operating lease A lessor maintains and finances the assets, and the lease payments are B. Sale and leaseback not fully amortized. c. Financial lease The owner sells the asset and leases it again from the buyer on a long-term basis
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