Businesses generally own fixed (capital) assets. However, it’s the ability to use buildings and equipment that is important to the business, not their ownership. One way to obtain the use of capital assets is to lease them.
Address the following requirements:
- What the motivations are for using leases
- How a business will make decisions with regards to what type of lease it will utilize
- What factors it considers when evaluating a lease
Be sure to support your statements with logic and argument, citing all sources used. Post your initial response early and check back often to continue the discussion.