Multiple Choice
Which of the following qualifies as a capital lease?
A) Three-year lease on a company vehicle
B) Five-year lease on equipment with an option to renew for one more year
C) Seven-year lease on a machine that has a seven-year useful life
D) Monthly lease on office space that can be canceled with 30 days' notice
Correct Answer:
Verified
Correct Answer:
Verified
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