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Shane is a highly competitive student.He works on team projects often in his field of study.He is quick to blame others when they are not on target in their timelines.Shane needs to develop a habit of being more supportive to colleagues to be a peak performer.
Salvage Value
The estimated residual value of an asset at the end of its useful life, reflecting what the asset can be sold for or its scrap value.
Capital Lease
A lease agreement in which the lessee records the leased asset as an asset in its balance sheet, and the lease payment obligations as liabilities.
Incremental Borrowing Rate
The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments.
Implicit Interest Rate
The rate of interest implied in the lease payments or in other financial arrangements, not explicitly stated.
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