One of the five criteria for a finance lease specifies that the present value of the lease payments be equal to or greater than: Multiple Choice the major part of the cost of the asset. substantially all of the fair value of the asset. substantially all of the cost of the asset.

Substantially all of the fair value of the asset

Explanation:

A lease is a contractual arrangement by which a lessor provides a lessee the right to use an asset for a specified period of time.

A financial leases is when a lessee has, in substance, purchased the lease asset, assumed when one of five classification is met. which are

1. The agreement specifies that ownership of the asset transfer to the lessee

2. The agreement contains a purchase option that the lessee is reasonably certain to exercise (bargain purchase option)

3. The lease term is for "major part" of the remaining economic life of the underlying asset.

4. the present value of the lease payments equals or exceeds "substantially all" of the fair value of underlying asset.

5. The underlying assets is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term.

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!