An Operating Lease Has Which One of the Following Characteristics

question 10

Multiple Choice

An operating lease has which one of the following characteristics?

• A) The economic life of the asset equals the lease term.
• B) The lessee has responsibility for the maintenance and insurance.
• C) The lease payments recover the full cost of the asset.
• D) The lessee can cancel the lease prior to the expiration date.
• E) The lease term is relatively long term.

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Selling Drugs

The act of illegally exchanging controlled substances for money or other goods.

Innovator

An individual or entity that introduces new ideas, methods, or products, often leading to changes in practices, behaviors, or market dynamics.

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The position or rank of a person or group within the hierarchy of a society, which can influence their access to resources and opportunities.

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An act or behavior that violates the law and is punishable by the state or other authorities.