Start learning →

Gross investment equals lessor's minimum lease payments plus

ALessee's borrowing cost
BUnguaranteed residual
CUnearned finance income
DInitial direct costs
Answer & Solution
Correct answer: B. Unguaranteed residual
Gross investment aggregates the lessor's minimum lease payments and any unguaranteed residual value accruing to the lessor.
Practise this question with Quill — CA Inter →

Keep practising AS 19 Leases

Browse all AS 19 Leases questions for CA Inter, or explore more Accounting topics.

Start a AS 19 Leases lesson →
Related questions