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Two of the philosophies discussed have been somewhat distorted in popular practice. Dewey's progressivism was sometimes altered in ways that reduced its real value. Romanticism, on the other hand, was trimmed of some of its ideas regarding isolation from society and made into a greater force for personal growth. Briefly explain the important elements of Dewey's educational philosophy, and note some of the abuses eventually perpetrated in its name. Also explain the educational effects of the romantic emphasis on self-determination and self-definition.
Capital Lease
A capital lease is a lease in which the lessee records the leased asset as if it has been purchased, creating both an asset and a liability on the balance sheet.
Economic Life
The estimated period over which an asset is expected to be economically usable, both for its original purpose or for other purposes.
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 lower than the expected fair market value.
Lease Term
The fixed, non-cancellable period of time for which a lease is agreed upon between the lessee and the lessor.
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