A lessee has substantially all of the benefits and risks of ownership in a finance lease.

Name: A lessee has substantially all of the benefits and risks of ownership in a finance lease.
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In a finance lease, the lessee has the benefits and risks of ownership, such as the right to use and control the asset, responsibility for maintenance and repairs, and the risk of loss or damage to the asset. In contrast, in an operating lease, the lessor retains most of the benefits and risks of ownership.

A Lessee Has Substantially All of the Benefits and Risks