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Question

Which of the following statements, is (are) not true for the lease option

a.

Insurance, maintenance and other expenses are included in the rental charge

b.

Lease charges are lower than rental charges for the same period and are also tax deductable

c.

Lease may be written to show higher payments is early years to reflect the decline in value of the system

d.

All of the above

Answer: (a).Insurance, maintenance and other expenses are included in the rental charge

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Q. Which of the following statements, is (are) not true for the lease option

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