Question

is Lease of warehouse a asset?

Answer 1

Answer: Yes Intangible Asset

Explanation:

The property or land owner conveys that interest by written documentation through a written lease agreement. Although the actual property is a physical asset, the leasehold is only an interest, and therefore it is not a physical asset. Therefore, a leasehold meets the specifications of an intangible asset.

Answer 2

Answer:

Lease is an asset. Answer