Because Remmie's stuccoing business is experiencing unusual demand for its services,Remmie has decided to lease an additional truck and pressure washer as opposed to having the business purchase them outright at this time.The lease for the pressure washer is two months and would typically be described as an operating lease.

Question

Quizplus · Accepted Answer

An operating lease is typically used for short-term rentals and is not intended for long-term use or ownership. In this scenario, the lease for the pressure washer is only for two months, indicating that it is a short-term rental, consistent with an operating lease.

Because Remmie's Stuccoing Business Is Experiencing Unusual Demand for Its