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 is depreciated over the term of then lease by the lessee.

The answer is

True or False

Question $5$

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