Over the life of a lease,the amount charged to expense is
A)greater for an operating lease.
B)greater for a capital lease.
C)the same for a capital or operating lease.
D)less for a capital lease.

Question

Quizplus · Accepted Answer

The total expense over the life of the lease is the same for both capital and operating leases, as both ultimately reflect the cost of using the leased asset.

Over the Life of a Lease,the Amount Charged to Expense