In an operating lease,the lessee acquires the right to use an asset for only a limited period of time.

Name: In an operating lease,the lessee acquires the right to use an asset for only a limited period of time.
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In an operating lease, the lessee does not acquire ownership of the asset and only has the right to use it for a limited time period. At the end of the lease term, the asset is typically returned to the lessor.

In an Operating Lease,the Lessee Acquires the Right to Use