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Which of the following relate to finance leases as opposed to operating leases?1. At the inception of the lease the present value of the minimum lease payments amounts to at least substantially all of the fan- the value of the leased asset.2. Ownership of the asset remains with the lessor for the entire lease period.3. Asset acquired under a finance lease is shown as an asset in the balance sheet of the lessee.Select the correct answer from the options given below:

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Which of the following relate to finance leases as opposed to operating leases?<br />1. At the inception of the lease the present value of the minimum lease payments amounts to at least substantially all of the fan- the value of the leased asset.<br />2. Ownership of the asset remains with the lessor for the entire lease period.<br />3. Asset acquired under a finance lease is shown as an asset in the balance sheet of the lessee.<br />Select the correct answer from the options given below:






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