Accounting question 7
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1.As the owner of a restaurant, you must make decisions about the location of your restaurant and the equipment and furniture needed to operate your restaurant. Would you prefer to buy or lease your building? Also, discuss whether you would prefer to buy or lease your equipment and furniture. What benefit do you see in your choices? Answer in couple sentences
below agree or disagree to post within 2-3 sentences
2. For any business, unless the equipment needed is under $1000 total, I would rent everything. While yes, buying would give you tax breaks, if the equipment breaks or needs repair, you as the owner are responsible for it. If you rent a building, equipment, etc, all maintenance and repairs are the responsibility of the owner unless specified otherwise in any written agreements.
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