Which of the following is not a reason why some companies lease rather than buy?

Question

Which of the following is not a reason why some companies lease rather than buy?

Leasing can lower income taxes.

Leasing transfers the title to the lessee at the beginning of the lease

Leasing may allow you to borrow with little or no down payment

Leasing can improve the balance sheet by reducing long-term debt

Leasing can lower income taxes.

Leasing transfers the title to the lessee at the beginning of the lease

Leasing may allow you to borrow with little or no down payment

Leasing can improve the balance sheet by reducing long-term debt

Explanation / Answer

Leasing transfers the title to the lessee at the beginning of the lease

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