Find the Value of the Determinant $\left| \begin{array} { l l } 3 & 2 \\ - 1 & - 1 \end{array} \right|$

question 213

Multiple Choice

Find the value of the determinant.
- $\left| \begin{array} { l l } 3 & 2 \\ - 1 & - 1 \end{array} \right|$

• A)-5
• B) \(- 1\)
• C) 5
• D) 1

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Definitions:

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly below its expected fair market value.

Executory Costs

Executory costs are expenses associated with fulfilling the terms of a contract, typically not included in the initial acquisition cost of an asset.

Guaranteed Residual Value

The minimum future value of an asset as guaranteed by a third party or agreement upon the asset's lease end.

Initial Direct Costs

Initial Direct Costs are expenses directly associated with negotiating and arranging a lease that are not included in the net investment in the lease.