Use the following statement to answer this question:
Under a leveraged lease,the lessee borrows money that is then used to make the lease payments.

Name: Use the following statement to answer this question: Under a leveraged lease,the lessee borrows money that is then used to make the lease payments.
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In a leveraged lease, the lessor borrows money to purchase the asset and then leases it to the lessee, who makes lease payments to the lessor.

Use the Following Statement to Answer This Question