Q692
Which of the following is not an indication a lease is a finance lease?
A.
The lease transfers ownership ofthe asset to the lessee at the end of the lease
B.
The lease term is for a short part of the economic life of the asset
AnswerC.
The leased assets are specialised in nature
D.
The present value of minimum lease payment amounts to substantially all of the fair value of the asset
Answer: Option B
Solution
Answer: Option B
No explanation is given for this question Let's Discuss on Board