level: Level 1
Questions and Answers List
level questions: Level 1
| Question | Answer |
|---|---|
| A Direct lease, a Sale and Leaseback | Financial Lease |
| Lease that include third party | Leveraged Lease |
| Lessor claims depreciation on the asset and the lessee sets of costs of monthly payments as a cost of doing business | Operating Lease |
| It provides a way to indirectly depreciate land | Advantage of Financial Lease |
| It never appear in liability of balancesheet | Advantage of Operating Lease |