Basic lease period refers to the period during which lease is irrevocable.

Related MCQs

• ……..is a long term lease and the lessee will be paying much more than the cost of the property or equipment to the lessor in the form of lease charges.
• Operating lease is favoured by the lessee in respect of assets which depreciate in value on account of …..
• A ---------- lease is a way of providing finance
• A lease agreement grants lessee the right to….
• A “sale and lease back” arrangement is suitable for a lessee having…..
• The lessee can protect himself against obsolescence by entering into a capital lease agreement with the lessor.
• A ---------- lease is a way of providing finance
• Ind AS deals with Lease finance is ____
• MPBF refers to
• The term "capital structure" refers to: