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The following sentences form a paragraph. Proofread them for run-ons, comma splices, semicolon errors, relative pronoun errors, and -ING modifier errors. Identify the type of each error in each sentence, or select "correct" if the sentence is free of errors.
-The monarch butterflies, that live west of the Rocky Mountains, fly to the California coast, those that live east of the Rockies go south.
Depreciation Expense
The allocated cost of an asset over its useful life, representing how much of the asset's value has been used up during an accounting period.
Capital Lease
A lease agreement that is recorded as an asset on the lessee's balance sheet because it essentially transfers the risks and rewards of ownership.
Capital Lease Obligation
A lease classified as a financial transaction where the lessee essentially buys an asset and borrows the funds through a lease.
Periodic Cash Payments
Regular financial payments made over a stipulated period, such as dividends or loan repayments.
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