A Leases a Harvesting Machine from B to Be Used

question 16

Multiple Choice

A leases a harvesting machine from B to be used during the harvesting season in Ontario,which is from the beginning of August to the end of September.In this case,the lease is best described as

• A)a financing lease.
• B)an operating lease.
• C)a purchase or capital lease.
• D)a hire-purchase agreement.
• E)none of the above

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