A finance lease is based upon the view that there was a sale/purchase (between the parties)of the leased asset at the inception date of the lease.

Name: A finance lease is based upon the view that there was a sale/purchase (between the parties)of the leased asset at the inception date of the lease.
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The Answer of A finance lease is based upon the view that there was a sale/purchase (between the parties)of the leased asset at the inception date of the lease.

A Finance Lease Is Based Upon the View That There