(Answered) Question scenario you own a small company that sells

Accounting

Question: Scenario: You own a small company that sells T-shirts in a popular college town. You have been leasing for years but you have the opportunity to purchase the building instead of leasing.

Please address each question individually:

1) Should you continue to lease or should you buy the building and property?

2) Provide the rationale for your decision.

3) What are the long-term implications of your decision?

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