Which of the following would not be a characteristic of a financial lease?
A) They are not usually fully amortized.
B) They usually require the lessor to maintain and insure the leased assets.
C) They usually do not include a cancellation option.
D) The lessee usually has the right to renew the lease at expiration.
E) All of the above are characteristics of financial leases.
Correct Answer:
Verified
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