Leases that are treated as financed purchases are called:

Name: Leases that are treated as financed purchases are called:
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Leases that are treated as financed purchases, where the lessee essentially owns the asset and is responsible for maintenance and other aspects of ownership, are classified as capital leases. Operating leases, on the other hand, are more like renting and do not involve transferring ownership of the asset. Expense leases and revenue leases are not commonly used accounting terms.

Leases That Are Treated as Financed Purchases Are Called