Final answer:
The statement is true, as leasing equipment indeed reduces the risk of obsolescence for the lessee and usually passes the risk of residual value to the lessor.
Step-by-step explanation:
The statement that leasing equipment reduces the risk of obsolescence to the lessee and, in many cases, passes the risk of residual value to the lessor is True. When a company leases equipment, it does not have the responsibility of owning the equipment when it becomes outdated or less efficient compared to newer models. The lessee can simply return the equipment at the end of the lease term. On the other hand, the lessor retains the ownership of the equipment, including the risks associated with its future value and the potential difficulty in re-leasing it or selling it once the lease term with the initial lessee ends.