At the End of a Capital Lease,a Business Has No

question 25

True/False

At the end of a capital lease,a business has no option left to purchase the equipment.

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Definitions:

Accounting Information System

A system of collecting, storing, and processing financial and accounting data that is used by decision-makers.

Cost Awareness

The consideration and understanding of the costs associated with conducting business and the impact on financial performance.

Fixed Structure

A term related to permanent assets and expenses that do not change in relation to business activity levels.

Manual Accounting Information System

A traditional system of accounting in which transactions are recorded and processed by hand without the use of automated software.