Question

Which of the following is a feature of Operating Lease according to Accounting Standard 19?

A The lessee will get the ownership of the leased asset at the end of the lease term.
B At the beginning of the lease term, the present value of the minimum lease rental covers substantially the initial fair value of the leased asset.
C The lease term covers the major part of the life of the asset.
D It is a lease that does not transfer substantially all the risk and reward incidental to ownership.
Practice Next

Hey! Ask a query