FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Leasing
Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.
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write the financing options of the lease?

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Lease:

 

It is an agreement between two parties where the one party agrees to rent an asset owned by b another party. An owner of the property is a lessor and the tenant is called lessee. The lessee makes regular payment to the lessor till the life of the lease period.

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