Which of the Following Is/are True About Operating Leases

question 34

Multiple Choice

Which of the following is/are true about operating leases?

• A) I only
• B) II and III
• C) I and III
• D) I and II
• I.The lessee can usually cancel the lease on relatively short notice.
• II.The lessee provides maintenance for the asset.
• III.The lessee assumes any risk of obsolescence.

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