Lessees often incur costs related to the ownership of the leased asset. These costs, referred to as, ________ include items such as property tax, insurance, and maintenance.

Name: Lessees often incur costs related to the ownership of the leased asset. These costs, referred to as, ________ include items such as property tax, insurance, and maintenance.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Executory costs are costs related to the ownership of a leased asset, such as property tax, insurance, and maintenance.

Lessees Often Incur Costs Related to the Ownership of the Leased