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a) Lease is contractual agreement for use of an asset in return for a series of payments. Explain TWO (2) types of leases and highlight

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a) Lease is contractual agreement for use of an asset in return for a series of payments. Explain TWO (2) types of leases and highlight several differences between leases. marks) (CLO3:PLO2:C4) b) Discuss the differences between purchasing an asset and leasing an asset. (5 marks) (CLO3:PLO2:C4)

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