In managing fixed assets,the entrepreneur should buy,instead of lease,whenever possible.

Question

Quizplus · Accepted Answer

The decision to buy or lease fixed assets depends on various factors such as the company's financial situation, the asset's expected use and lifespan, maintenance costs, tax implications, and the need for flexibility. Leasing can offer advantages like preserving cash flow, flexibility, and potential tax benefits, making it a better option in some cases.

In Managing Fixed Assets,the Entrepreneur Should Buy,instead of Lease,whenever Possible