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Leasing activities - Accounts and Audit Perspective

August 28, 2019[2019] 108 taxmann.com 372 (Article)
The acquisition of assets, particularly expensive capital equipment, is a major commitment for many businesses. How that acquisition is funded requires careful planning. Rather than paying for the asset outright using cash, it can often make sense for businesses to look for ways of spreading the cost of acquiring an asset, to coincide with the timing of the revenue generated by the business.
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