Which One of the Following Is Most Likely the Primary

question 14

Multiple Choice

Which one of the following is most likely the primary reason why a lessee opts to lease an asset on a short-term basis rather than buy that asset?

• A)keep the asset off the balance sheet
• B)tax avoidance
• C)lower total cost
• D)increased collateral
• E)nonrecourse protection

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Definitions:

Brown v. Board of Education

A landmark United States Supreme Court case from 1954 that declared state laws establishing separate public schools for black and white students to be unconstitutional.

Educational Facilities

Buildings and environments, including schools, colleges, universities, and training centers, specifically designed for teaching and learning purposes.

Public Educational Facilities

Institutions funded and managed by the government that provide instruction to students without charge.