In Reference to the Statement,'if the Non-Cancellable Lease Term Is

question 53

True/False

In reference to the statement,'if the non-cancellable lease term is for the major part of the economic life of the asset,the lease is generally considered to be a finance lease',AASB 117 defines 'major part' as 75%.

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Definitions:

Threat

In a business or security context, a potential cause of damage, harm, or negative outcome, often identified in risk assessments.

Strength

Refers to the internal capabilities, resources, and qualities of a company that give it a competitive advantage.

Market Segment

A group of consumers who share similar needs, characteristics, or behaviors, and are targeted by businesses with specific products or marketing campaigns.

Customer Value Proposition

A statement or promise made by a company that summarizes the benefits a consumer will receive by using the company's product or service.