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Question 3 A lease record interest expenses in both finance and operating lease. The answer is True or False Question 4 A capitalised lease asset
Question A lease record interest expenses in both finance and operating lease. The answer is True or False Question A capitalised lease asset is depreciated over the term of then lease by the lessee. The answer is True or False Question If a portion of the asset is not physically distinct and the lessee does not obtain all the economic benefits from the use of the asset, it is not an identified asset. The answer is True or False
Question
A lease record interest expenses in both finance and operating lease.
The answer is
True or False
Question
A capitalised lease asset is depreciated over the term of then lease by the lessee.
The answer is
True or False
Question
If a portion of the asset is not physically distinct and the lessee does not obtain all the economic benefits from the use of the asset, it is not an identified asset.
The answer is
True or False
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Basic Accounting Concepts Principles And Procedures Volume 2
Authors: Gregory Mostyn, Worthy And James
1st Edition
0979149495, 9780979149498
