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    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. Correct Answer Incorrect Answer
    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. Correct Answer Incorrect Answer
    C The lease term covers the major part of the life of the asset. Correct Answer Incorrect Answer
    D It is a lease that does not transfer substantially all the risk and reward incidental to ownership. Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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