Asked by
Nicole Bartley
on Oct 24, 2024Verified
Which of the following is not an advantage of leasing office equipment?
A) It allows purchasers to keep more of their money.
B) The company that leases the product is usually responsible for servicing it.
C) Your office will own the equipment at the end of the lease term.
D) Lease payments are usually tax-deductible.
E) Leasing allows businesses to update equipment every few years.
Leasing Office Equipment
The process of renting office equipment, such as printers and computers, for a specified period.
Tax-Deductible
Pertaining to expenses that can be subtracted from gross income to reduce the amount of income that is subject to income tax.
Lease Payments
Periodic payments made under a lease agreement by the lessee to the lessor for the use of an asset, such as real estate, vehicles, or equipment.
- Learn the financial and maintenance considerations of leasing versus buying office equipment.
Verified Answer
SM
Learning Objectives
- Learn the financial and maintenance considerations of leasing versus buying office equipment.