In Reference to the Statement

question 61

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 per cent:

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Definitions:

Statistics

The discipline involved in gathering, examining, explaining, and displaying data.

Pictographs

Simple images or symbols used to represent words, phrases, or data.

Proof

Evidence or argument establishing a fact or the truth of a statement.

Statistics

The science of collecting, analyzing, interpreting, and presenting numerical data to make informed decisions.