If Technological Changes Related to the Asset Are Unlikely, Then

question 110

True/False

If technological changes related to the asset are unlikely, then this scenario makes the asset a likely candidate for leasing.

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Definitions:

Market Price

The current price at which an asset or service is bought or sold in the open market.

Corporate Resolutions

Formal decisions or actions taken by the board of directors of a corporation during a meeting.

Board of Directors

A group of individuals elected by the shareholders to oversee the activities and governance of a corporation.

Corporate Powers

Legal authorities and capacities granted to a corporation by law, including entering into contracts, owning assets, and issuing stock.