an upvote will be given ASAP

42. Nhire purehase agrecment is a A Finance lcase B Operatiny lease C. A buybotilet agrecment D) None of the aborve 43. Which of the folleniag is net idcatificd by IFHS 16 as as example of a situation that would lead to a lease been classified as a "Finance Leave". A The lease transfers ownership of the underlying asset to be lessee by the cnd of the lease term B The lease has the optios to purchase the underlying asse at a price expected to be sufficiently lower than the fair value at the evercise date C. The lease tern is for a majer part of the esonomic lefe of the underlying asset eveo if the tide is not transferrol. D None of the above 44. The paymests ever the lease term made by the lesse are called... A Principal is interest C. Present value payments D Minimum lease payments 45. A leased asuet sheuld be depreciated over the A Shorter of the lease term asd the asset's useful life B Longer of the lease term and the asset's useful life C Eatire lease term D) Useful life of the asset 46. A contract is, ou contains, a lease if the coetract coeveys the righat an iscutified asset for a period of time in exchange for consideration. A To use is To control the use of C. To obtain soonamic benefits from D) To recogeise depreciarion of 47. Which of the following shall a lessee recognise at the conmencement date? A A righa of we asset B A lease liability C. Deferred income D) (A) and (B) 48. At the commencement date, a lessce shall measure the righ-of-use asset at A Cast 1s Fair Value C. Present Valac D Value in use 49. A sale and leaseback transactien arises where an entity: A (the buyer-kewe) transfers ('ielle') an asset to another entity (the seller-lesiee) and then licases it back B (the seller-lessec) transfers ('sells') an awet to asceher eneity (the beyer-lessor) and then leases it bock C (the buyer-keswe) trans(crs ('berys') an asset freea another entigy and then leases it (back to the ueller-lessee) 1) None of the above 50. The total finance charge arising in relation to a finance lease is cigual to: A The exess of the tocal of the minimuen lease payments over the initial laability to the lessor B The total of the minimum kase paymonis C The crecss of the initial liability so the lessor over the lotal of the mininvam lease payments D) The initial liabilits bo the lesune