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sankalp, thinks that this query could be Invalid as Law has been amended.

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Query Details

Asked by kavita on :Mar. 16, 2018

What is the nature of lease if lessee has option …

What is the nature of lease if lessee has option to purchase the asset at lower than fair value at …

What is the nature of lease if lessee has option to purchase the asset at lower than fair value at the end of lease term?

0

Jeeba Mar. 16, 2018

If it becomes certain at the inception of lease itself that the option will be exercised by the lessee, it is a Finance Lease.

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