What are some potential costs of leasing a building

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Reference no: EM132280209

Question - You are the accountant for a successful retail store. Since sales have been steadily increasing over the last few years, the owner would like to relocate to a larger building. The owner has asked your opinion on whether she should purchase or lease the new building.

Answer the following questions:

1. What are some potential costs involved in purchasing and owning a building?

2. What are some potential costs of leasing a building?

3. Which option do you think is the better option, buying the building or leasing it? Provide at least one advantage and one disadvantage of buying and of leasing.

Reference no: EM132280209

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