Question
Which of the following is an advantage of leasing an asset for the lessee? A. Some leases are not disclosed on the lessee's balance sheet.
Which of the following is an advantage of leasing an asset for the lessee?
A. Some leases are not disclosed on the lessee's balance sheet.
B. There are lower overall costs for the asset.
C. The lessee absorbs the risk of obsolescence.
D. Ownership automatically passes to the lessee at the end of the lease.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
