a(n. _____ lease is used when a lessor buys or obtains goods from a supplier for the purpose of leasing them to a commercial lessee.

Question

Quizplus · Accepted Answer

A finance lease is commonly used when a lessor acquires goods from a supplier specifically for leasing them to a commercial lessee. This type of lease is also known as a capital lease. The finance lease is essentially a purchase agreement where the lessor agrees to pay the supplier for the goods and then leases them to the lessee, who agrees to make a series of payments over the lease term.

A(n _____ Lease Is Used When a Lessor Buys or Obtains