Risk and rewards are transferred in _______ and not in _______.
In a finance lease, the lessee (the person leasing the asset) assumes most of the risks and rewards associated with ownership of the asset. This is because the finance lease is structured in a way that resembles a loan, with the lessee making regular payments to the lessor (the person who owns the asset) in exchange for the use of the asset. The lessee is responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the finance lease term, the lessee may have the option to purchase the asset at a predetermined price. In contrast, in an operating lease, the lessor assumes most of the risks and rewards associated with ownership of the asset. The lessee typically pays a rental fee to the lessor for the use of the asset, but the lessor remains responsible for maintaining the asset, insuring it, and paying any taxes associated with its use. At the end of the operating lease term, the lessee typically returns the asset to the lessor, with no option to purchase it at a predetermined price. Overall, finance leases and operating leases have different characteristics and are used for different purposes, depending on the needs and goals of the parties involved.
An interest subvention of how much percent was approved on short-term farm loans up to Rs 3 lakh to lending institutions for FY 2022-23 to 2024-25?
Who Chaired the 3rd FIPIC III Summit?
Shahjahan is the successor of which of the following Mughal ruler?
In July 2020, Prime Minister Narendra Modi inaugurated the new Supreme Court Building of ______ which was completed with Indian assistance.
Hydrogen resembles the properties of which two groups of the periodic table?
Which is the first state in the country to set up a greenfield grain-based ethanol production plant?
The Chipko movement began as a reaction against_____
_______ country is organizing the ‘Tsentr -2019’ exercise between the armies of India, China and Pakistan to test the combat-readiness of the mili...
Scheme envision of transition shelter to women in need by creating an institutional framework?
A dispute relating to the age of an adolescent employed by an employer which arises due to the absence of any authentic document can be referred to whi...