Vidyalelo
Commerce · Q505

Business Finance

Graduate and Post Graduate · Commerce · question 505

Q505

Which of the following lease refers to a short-term lease that is often cancelable? For example, a lease for office space represents this type of lease where the lease life is less than the useful life of the asset.

A.
A financial lease
B.
An operating lease
Answer
C.
Net lease
D.
None of the above

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board