Which of the Following Qualifies as a Capital Lease

question 68

Multiple Choice

Which of the following qualifies as a capital lease?

• A) Four-year lease on a company vehicle
• B) Three-year lease on a computer with an option to renew for one more year
• C) Five-year lease on a machine that has a five-year useful life
• D) Monthly lease on office space that can be canceled with 30 days' notice

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Definitions:

Social-Responsibility Norm

A societal rule that people should help those who need them without expecting anything in return.

Homeless

The state of having no stable or permanent place to live.

Social Traps

Situations wherein individuals or groups make decisions that are rational and beneficial short-term but lead to negative outcomes in the long-term for the individual or collective.

Psychologists

Professionals in the field of psychology who study mental processes and behavior in humans and animals.