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  • December 9, 2015 at 6:42 am #289424
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    to me it was an operating lease because some important criteria for a finance type wasn’t on the side of the lessee, eg the gvt had rights to the proceeds of the sale, the lessee had no option of buying the land after the lease term, though the lease period was 30 years and 89% of pv of initial payt

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