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Most behaviors are genetically determined, which helps explain the similarities in customs shared by members of the same ethnic and racial groups.
Rent Expense
Rent Expense is the cost incurred by a company or individual for the use of a property or equipment.
Capital Lease
A lease agreement that is classified as a purchase of an asset for accounting purposes, as it meets specific criteria set out in accounting standards.
Incremental Borrowing Rate
The incremental borrowing rate is the interest rate a lessee would have to pay to borrow funds on a secured basis over a similar term, in a similar currency, to purchase or lease a similar asset.
Capital Lease
A lease agreement that is classified as a purchase by the lessee for accounting purposes, effectively treating the leased asset as owned property.
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