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Why is it necessary to establish a contractual agreement between the external practitioner and the client organization?
Bargain Purchase Option
An option given to the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.
Future Rents
Future rents refer to the payments that are expected to be received in the future for the use of an asset, typically real estate.
Unreimbursable Costs
Expenses that cannot be recovered or compensated for by any means.
Estimated Economic Life
The expected period over which an asset is considered to be useful and contribute to the earnings of a business, affecting its depreciation or amortization.
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