Question
Under the new FASB ASU 2016-02 (ASC 842), which of the following is not true about the advantages of leasing over purchasing property for use
Under the new FASB ASU 2016-02 (ASC 842), which of the following is not true about the advantages of leasing over purchasing property for use by a business?
a. It offers 100 percent financing.
b. If the lease qualifies as an operating lease, it does not add debt to the balance sheet.
c. It is frequently less costly than other forms of financing the cost of the acquisition of fixed assets.
d. It offers protection against obsolescence.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
5th edition
134727797, 9780134728643 , 978-0134727790
