Which of the Following Statements Is FALSE

question 25

Multiple Choice

Which of the following statements is FALSE?

• A)For a lease to be attractive to both the lessee and the lessor,the gains must come from some underlying economic benefits that the leasing arrangement provides.
• B)With a true tax lease,the lessor replaces depreciation and interest tax deductions with a deduction for the lease payments.
• C)Generally speaking,if the asset's tax depreciation deductions are more rapid than its lease payments,a true tax lease is advantageous if the lessor is in a higher tax bracket than the lessee.
• D)A tax gain occurs if the lease shifts the more valuable deductions to the party with the higher tax rate.

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Definitions:

Multilateral Assistance

Financial aid provided by multiple countries or international organizations to support economic development or humanitarian efforts in a recipient country.

Balance Of Payments

A comprehensive record of all transactions made between entities in one country and the rest of the world over a specified period of time.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Educational Opportunities

The access and availability of options for learning and education available to individuals within a community or society.