In an Operating Lease,which Party Is Typically Responsible for Maintenance

question 15

Multiple Choice

In an operating lease,which party is typically responsible for maintenance costs on the asset?

• A) the lessor
• B) the lessee
• C) the third party financing the asset
• D) all of the above

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Definitions:

ADLs

Activities of Daily Living, which are routine activities people do every day without assistance, such as eating, bathing, dressing, and moving around.

Eating

The act of consuming food.

Bathing

The act of washing oneself or another, typically in a container filled with water, such as a bathtub or shower.

Older Couples

Partners in a significant relationship, typically romantic, who are in the later stages of adulthood or elderly.