A(n) _____ is a contract for the use of an asset for a period of time without having to buy the asset.
A) indenture
B) depreciation hedge
C) revenue option
D) lease

Question

Quizplus · Accepted Answer

A lease is a contract in which the lessee (user) agrees to pay the lessor (owner) for the use of an asset over a specified period of time, without transferring ownership. This allows the lessee to use the asset without having to invest a large amount of money upfront to purchase it.

A(n) _____ Is a Contract for the Use of an Asset