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Identify at least three advantages of renting and leasing

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a. Identify at least three advantages of renting/leasing an asset instead of purchasing.
b. How might these advantages be perceived differently for different stakeholders?

What is a guaranteed residual value? Why might a lessor (the owner of the leased asset) prefer to enter into a lease with a guaranteed residual value? When might a lessee (renter) be okay with guaranteeing a residual value?

Reference no: EM131764188

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