If We May Be of Further Assistance Is an Effective

question 14

True/False

If we may be of further assistance is an effective example of closing pleasantly in a direct reply letter.

---

Definitions:

Service Life

The estimated period an asset is expected to be useful and productive for its intended purpose before it becomes obsolete or too costly to maintain.

Present Value

The current value of a future amount of money or stream of cash flows, discounted at a specific interest rate.

Capital Lease

A capital lease is a lease classified by the lessee as an asset on its balance sheet, indicating that it effectively has the economic ownership of the asset, even though legally it may not own the asset.

Lease Liability

An obligation representing future lease payments a lessee is required to make under a lease agreement.