Bb Duration of programme: XX m x Duration of programme: XX m x Mail Sultan Mohamed Ahmer X M (no tra/courses/ 35546_1/cl/outline Remaining Time: 46 minutes, 22 seconds. Question Completion Status: QUESTION 8 In respect to the contract to lease of fifteen motorbikes to Xander Plc. for three years: Question: Applying IFRS, which THREE of the possible terms of the lease listed below, taken in isolation would indicate the transaction represents a finance lease for JJ Victory Plc. as the lessor? a. Xander Plc is not permitted to make any further modifications to the motorbikes over the three year lease term. All repairs and maintenance of the motorbikes must be carried out by JJ Victory or a specialist firm pre-approved by JJ Victory. b. The estimated value of all 15 motorbikes at the end of the 3 year lease term would be in the range of 500,000 600,000. Xander Plc. has the option to purchase the motorbikes fo100. c. Xander Plc. can terminate the contract at any time in the 3 year lease term but will suffer significant penalties for early termination. d. The motorbikes are all sourced from JJ Victory's product range but some modifications to the bodywork which are exclusive to the bikes transferred in this lease contract with Xander Plc. e. You confirm that legal title of all fifteen motorbike remains with JJ Victory for the 3 year lease term. QUESTION 9 In respect to the fifteen motorbikes leased to Xander Plc over three years: Xander Plc. must pay additional charges for maintenance and repairs of the motorbikes. At the end of the lease term Xander Plc have an option to purchase the motorbikes for 100 The expected Click Save and Submit to save and submit. Click Save All Answers to save all answers. OOD 20 OOD F4 F3 54 3 R F % 25 19 ). 0 96 T a 7 Y 87 & 2 G 44 711 F7 F8 F9 * 8 > J 0 HT J 9 - D K Sav O .J 21