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.

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