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<p>a- Lessor</p> <p>b- Lessee</p> <p><span>c- Any of the two</span></p> <p><span>d- None of the two</span></p> <p> </p>
The answer is: A) Lessor
the person to whom risks and rewards has been transfered or who have to bear al gains and losses.
In case of operating lease, lessor (A), it could be lessee (b) in case of finance lease
Lessor - A
Option A Lessor
b= lessee
Agree with Ayman.
Who is to bear the loss of the asset? He is eligible for-depreciation as per the terms of the lease agreement and the type of the lease.
Correct answer is a- Lessor
Its depend on the local regulation. In some countries Tax authorities do not allow depreciation on leased assets. But conceptually it is should be allowed to Lessee in case of finance lease.
OPTION A IS THE CORRECT
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