Leasing and Hire Purchase. Discuss the difference between these two.

Leasing and hire purchase are two methods used by businesses to acquire assets without paying the full purchase price upfront. Both options provide flexibility in financing, but they differ in terms of ownership, payment structure, and tax implications.

In leasing, a business rents an asset for a specified period from a leasing company. The business does not own the asset during the lease period, and once the lease ___ _________ _____ _______ ________.
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