A lease that gives the lessee the option to purchase the asset at its fair market value at the termination of the lease is called a:
A)fair market value cap lease.
B)fair market value lease.
C)$1.00 out lease.
D)fixed price lease.

Question

Quizplus · Accepted Answer

A fair market value lease gives the lessee the option to purchase the asset at its fair market value at the end of the lease term.

A Lease That Gives the Lessee the Option to Purchase