Choose Topic: Accounting
Number of Pages: 2
I have attached a paper with an initial question to be responded to and 2 replies to the other responses from classmates. They are all 175 words each. Please let me know if I can get these by tomorrow.
Due Day 3
A lease is an arrangement under which a lessor agrees to allow a lessee to control the use of identified property, plant, or equipment for a stated time period in exchange for 1 or more payments. There are several types of lease designations, and they differ if an entity is the lessee or the lessor. For a lessee, a lease can be designated as either a finance lease or an operating lease.
Respond to the following in a minimum of 175 words:
- Discuss 3 different types of business leases and their merit