The type of lease in which the lessor acquires or purchases the asset in order to lease to a givenlessee is known as
A) a financial lease
B) a leveraged lease
C) an operating lease
D) a direct lease

Name: The type of lease in which the lessor acquires or purchases the asset in order to lease to a givenlessee is known as A) a financial lease B) a leveraged lease C) an operating lease D) a direct lease
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Question

Quizplus · Accepted Answer

A direct lease is when the lessor purchases the asset specifically to lease it to the lessee.

The Type of Lease in Which the Lessor Acquires or Purchases