Multiple Choice
How does a sales-type lease differ from a direct-finance lease?
A) The lessor depreciates the property over a longer period under a sales-type lease.
B) The lessor uses a higher interest rate on a sales-type lease than on a direct-finance lease.
C) The lessor receives less interest than on a direct-finance lease.
D) The lessor receives a manufacturer's or dealer's profit.
Correct Answer:
Verified
Correct Answer:
Verified
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