Which of the Following Would Not Be a Characteristic of a Financial

question 50

Multiple Choice

Which of the following would not be a characteristic of a financial lease?

• A) They are not usually fully amortized.
• B) They usually do not have maintenance necessary for the leased assets.
• C) They usually do not include a cancellation option.
• D) The lessee usually has the right to renew the lease at expiration.
• E) All of these are characteristics of financial leases.