Cppb2024 latest update Study guides, Class notes & Summaries
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CPPB(2024 Latest Update)Accurate 100%
- Exam (elaborations) • 2 pages • 2024
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CPPB(2024 Latest Update)Accurate 100%Advantages of Leasing - ANSWER L- lessor carries burden of the investment so lessee can use working capital for other opportunities. 
E - entire expense of lease can sometimes be treated as an operating expense minimizing taxable income 
A - available equipment on short term basis for projects that don't justify a large outlay of funds. 
S -so the risk of obsolescence can be minimized or eliminated 
 
Disadvantages of Leasing - ANSWER Cost 
Lessees do not ow...
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