Which Statement Is Correct About the "Guaranteed Residual Value

question 3

Multiple Choice

Which statement is correct about the "guaranteed residual value"?

• A)It is included in the minimum lease payment calculation.
• B)Lessee assumes the risk of the property falling below the guaranteed amount.
• C)Lessor assumes the risk of the property falling below the guaranteed amount.
• D)It is an executory cost in the lease arrangement.

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Definitions:

Ecstasy

A term commonly referring to a state of extreme happiness or the drug MDMA, known for its stimulant and hallucinogenic effects.

Desired Effect

The intended or sought-after outcome or result of a particular action or situation.

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An intense, uncontrollable desire, often for a specific substance or activity that can lead to compulsive behavior.

Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.