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Which of the following is not true for a finance lease? A The lease agreement has a primary period which covers all or most of
Which of the following is not true for a finance lease? A The lease agreement has a primary period which covers all or most of the useful economic life of the asset. B The lessee is normally responsible for servicing and maintenance of the asset. C The lease payments will appear in the profit and loss account as an expense. D The lessee records the leased asset as a fixed asset in its balance sheet.
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