A lease that provides maintenance in addition to financing and is also usually cancelable is called:
A)capital lease
B)liability lease
C)operating lease
D)asset lease
E)equity lease

Question

Quizplus · Accepted Answer

An operating lease provides maintenance in addition to financing and is also usually cancelable, which makes it different from a capital lease where the lease is noncancelable and includes maintenance. Liability lease, asset lease, and equity lease are not common lease terms.

A Lease That Provides Maintenance in Addition to Financing and Is