IBPS RRB CA Officer Scale II Practice Questions - IBPS RRB Chartered Accountant Officer Scale II (IBPS, India) Exam

The lease term is for a minor part of the economic life of the asset The lessee has the option to purchase the asset at a price expected to be sufficiently higher than the fair value At the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset The leased assets are of a general nature such that any lessee can use them without major modifications