A lease that transfers ownership of the asset from the lessor to the lessee by...

50.1K

Verified Solution

Question

Accounting

A lease that transfers ownership of the asset from the lessor to the lessee by the end of the lease term is classified by
the lessee as
a finance lease.
a capitalization lease.
an operating lease.
a transfer lease.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students