Which of the following statements is/are true ?
(i) Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee.
(ii) Lease transactions in India are governed by the Lease Act.
(iii) A lessee should evaluate the lease options against the buying option.
(iv) As per AS - 19, financial lease is shown in the balance sheet of the lessee as an asset.
Choose the correct answer from the code given below :
1
(i) and (iv)
2
(i), (iii) and (iv)
3
(ii), (iii) and (iv)
4
only (ii)