Over the Life of a Lease,the Amount Charged to Expense

question 2

Multiple Choice

Over the life of a lease,the amount charged to expense is

• A)greater for an operating lease.
• B)greater for a capital lease.
• C)the same for a capital or operating lease.
• D)less for a capital lease.

---

Definitions:

International Currency

A currency that is used for international trade and investment, accepted across national borders.

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets.

Depreciate

A decrease in the value of an asset over time.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.