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Lease financing - class-XI
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Lessor gets fixed amount of lease rental every year and they cannot increase this even if the cost of asset goes up.
AnswerClick to flip back
A
True
💡 Explanation:
Lessor gets fixed amount of lease rental every year and they cannot increase this even if the cost of asset goes up- this is a true statement.While making the leasing decision, the cost of leasing an asset must be compared with the cost of owning the same.