which of the following statements about the various types of leases is false? group of answer choices in a financial lease, the cost of the asset is generally less than the sum of the lease payments if a company applies $500,000 in debt proceeds toward the purchase of a $900,000 machine and then leases the asset to another party, the arrangement can be described as a leveraged lease a sale and leaseback would likely appeal to a firm that is struggling to meet its short-term financial obligations if a manufacturer of agricultural equipment leases out a machine from its existing inventory, the arrangement can be described as a sales-type lease in a typical operating lease, the economic life of the asset is shorter than the lease term
