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In contrast to time series designs, multiple baseline designs
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 for a price significantly lower than the expected fair market value.
Equipment Leased
Assets acquired for use over a specified period through a rental agreement, where ownership remains with the lessor.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, representing the wear and tear or obsolescence.
Operating Lease
A lease agreement that does not transfer the risks and rewards of ownership, treated as a rental expense in the lessee's income statement.
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