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When the term of a leased asset is complete, what can be done with the asset?

When the term of a leased asset is complete, what can be done with the asset?

PrepAway - Latest Free Exam Questions & Answers

A.
Nothing, it is closed.

B.
It can be leased again.

C.
Based on the type of lease, it can be returned to the vendor, moved to a storeroom, or sent to salvage.

D.
Based on the type of lease, it can be returned to the storeroom, deleted from a storeroom, or sent to salvage.


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