The lessee never becomes the owner of the asset.

True

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False

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Solution

The correct option is A
True

True. The lessee never becomes the owner of the asset. He never reaps the benefits of ownership.

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Similar questions

Under the lease agreement, the lessee gets the right to

(a) Share profits earned by the lessor

(b) Participate in the management of the organisation

(d) Sell the assets

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