A lease which is generally not cancellable and covers full economic life of the asset is known as

Related MCQs

• A short-term lease which is often cancellable is known as
• Sale and lease back and ____________ are types of finance lease
• The lease period in such a contract is less than the useful life of asset. Here we are talking about _______.
• Under income-tax provisions, depreciation on lease asset is allowed to
• Lease which includes a third party (a lender) is known as
• Which of the following is not a usual type of lease arrangement?
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• One difference between Operating and Financial lease is:
• From the point of view lessee, a lease is a_________
• In lease system, interest is calculated on