A lease where the lessee has the option to purchase the asset at the end of the lease for a price that is set upfront in the lease contract is called a:
A)fixed price lease.
B)$1.00 out lease.
C)fair market value lease.
D)fair market value cap lease.

Question

Quizplus · Accepted Answer

A fixed price lease is a lease where the lessee has the option to purchase the asset at the end of the lease for a price that is set upfront in the lease contract.

A Lease Where the Lessee Has the Option to Purchase