You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Lease Evaluation: Another Capital Budgeting Decision
William L. Sartoris and Ronda S. Paul
Vol. 2, No. 2 (Summer, 1973), pp. 46-52
Stable URL: http://www.jstor.org/stable/3665482
Page Count: 7
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
The major differences between the lease-or-borrow and lease-or-buy methods of lease analysis are discussed and conclusions are illustrated by a simple numerical example. The lease-or-borrow model is extended within the normative model of capital budgeting to allow for an independent evaluation of the net present value of the lease.
Financial Management © 1973 Financial Management Association International