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Which one of these characteristics does not apply to a financial lease?

a) The lessee usually has the right to renew the lease on expiration

b) The lessee must pay all of the lease payments.

c) The lessee is responsible for the maintenance of the leased assets.

d) The lease is usually not fully amortized.

e) Generally, the lease cannot be cancelled.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92402834

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