A capital or capitalized lease is otherwise known as

Name: A capital or capitalized lease is otherwise known as
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A capital or capitalized lease is a type of financial lease in which the lessee (the individual or company that uses the asset) records the leased asset as their own property on their balance sheet. The lessor (the company that owns the asset) retains ownership of the asset and typically receives the benefits of tax deductions and depreciation.

A Capital or Capitalized Lease Is Otherwise Known as