The Lessee's Option to Purchase a Leased Asset at a Price

question 248

Multiple Choice

The lessee's option to purchase a leased asset at a price that is sufficiently lower than the asset's expected fair value so that the exercise of the option appears reasonably certain sometimes is called a:

• A) Bargain purchase option.
• B) Lessee buy-out option.
• C) Lessor sell-out option.
• D) Guaranteed purchase option.

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