decomposed methods versus implementation methods

decomposed_movie_example.rb

def can_checkout_movie?
  account_is_current? &&
  available_rental_slots? &&
  late_fees_within_limit?
end

implementation_movie_example.rb

def can_checkout_movie?
  (Date.today - account.last_membership_renewal_date) > vendor.membership_period &&
  movies.currently_checked_out < max_movies_rentable &&
  account.late_fees < (account.is_premium? ? vendor.max_late_fees_for_premium_account : vendor.max_late_fees_for_regular_account)
end