1. Which of the following would not be a characteristic of a financial lease? Group of answer choices 2. An advantage of

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1. Which of the following would not be a characteristic of a
financial lease?
Group of answer choices
2. An advantage of leasing is that the lessor does not own the
asset and can cancel:
3. Your firm is considering leasing a new computer. The lease
lasts for 9 years. The lease calls for 10 payments of $1,000 per
year with the first payment occurring immediately. The computer
would cost $7,650 to buy and would be straight-line depreciated to
a zero salvage value over 9 years. The actual salvage value is
negligible because of technological obsolescence. The firm can
borrow by issuing debt at a rate of 8%. The corporate tax rate is
30%.
This lease would be classified as a(n):
operating lease because there is no
amortization.
operating lease because the asset will
be obsolete.
sale and leaseback because the company
gets full use of the asset.
capital lease because the lease life
is greater than 75% of the economic life.
leveraged lease because it is being
financed.