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Financial Lease Assignment

Author:
February 19th, 2020

Which of the following are normal characteristics of a financial lease?

I. Maintenance of the leased asset is the responsibility of the lessee.

II. The lease is generally cancellable by the lessee prior to the expiration date.

III. Financial leases are generally fully amortized

IV. The lessee usually has the right to renew the lease at the end of the initial lease period. Get Finance homework help today

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