An operating lease is relatively short term in length and is cancelable with proper notice. The term of
this type of lease is shorter than the assets economic life. Operating leases for instance may
include the leasing of copying machines certain computer hardware and word processors.
A financial lease is long term in nature and is non cancelable. The
lessee is obligated to make lease payments until the lease term expires which approaches the
useful life of the asset. Capital leases are commonly used for leasing land, buildings and big
equipment.
NatalieR answered the question on February 9, 2022 at 08:44
- Outline 4 features of a valid bill of exchange(Solved)
Outline 4 features of a valid bill of exchange
Date posted: February 9, 2022. Answers (1)
- List 5 type of finance which is obtained from persons other than actual owners of the company. (Solved)
List 5 type of finance which is obtained from persons other than actual owners of the company.
Date posted: February 9, 2022. Answers (1)
- List and discuss Features of Bonds in finance management.(Solved)
List and discuss Features of Bonds in finance management.
Date posted: February 9, 2022. Answers (1)
- Highlight the Disadvantages of Using Ordinary Share Capital to a Company(Solved)
Highlight the Disadvantages of Using Ordinary Share Capital to a Company
Date posted: February 9, 2022. Answers (1)
- What are the advantages of Using Ordinary Share Capital by a Company?(Solved)
What are the advantages of Using Ordinary Share Capital by a Company?
Date posted: February 9, 2022. Answers (1)
- List at least five features of Ordinary Share Capital(Solved)
List at least five features of Ordinary Share Capital
Date posted: February 9, 2022. Answers (1)
- List the Rights to Ordinary Shareholders of a company
(Solved)
List the Rights to Ordinary Shareholders of a company
Date posted: February 9, 2022. Answers (1)
- Define the term revenue reserves.(Solved)
Define the term revenue reserves.
Date posted: February 9, 2022. Answers (1)
- Discuss different sources of company finance(Solved)
Discuss different sources of company finance
Date posted: February 9, 2022. Answers (1)
- State and explain the Functions of a Finance Manager(Solved)
State and explain the Functions of a Finance Manager
Date posted: February 9, 2022. Answers (1)
- Discuss the objectives of a firm(Solved)
Discuss the objectives of a firm
Date posted: March 4, 2019. Answers (1)