Which of the Following Is an Advantage of Leasing an Asset

question 99

Multiple Choice

Which of the following is an advantage of leasing an asset for the lessee?

• A) There are lower overall costs for the asset.
• B) Ownership automatically passes to the lessee at the end of the lease.
• C) The lessee absorbs the risk of obsolescence.
• D) Some leases are not disclosed on the lessee's balance sheet.

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Definitions:

Legal Acceptance

The process through which a practice or act becomes approved and sanctioned by legal authorities.

E-cigarettes

Electronic devices that simulate the experience of smoking tobacco by producing an aerosol, often containing nicotine, that the user inhales.

Higher Education

Education provided by universities and colleges, often focusing on academic and professional degrees beyond the secondary level.

Tobacco Use

The act of consuming tobacco products, including smoking cigarettes, cigars, or using smokeless tobacco, often leading to addiction and health complications.