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The fair value of a leased asset is OMR 24,000 and the present value of minimum lease payment is OMR 23,850. What is the type
The fair value of a leased asset is OMR 24,000 and the present value of minimum lease payment is OMR 23,850. What is the type of lease as per IAS 17?
a.
Neither operating nor Finance
b.
Operating lease
c.
Information is insufficient to classify the lease
d.
Finance lease
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