Question

Select the incorrect statement-
a) In hire-purchase agreement the legal ownership of the asset passes immediately to the buyer.
b) Hirer is entitled to claim depreciation tax shield
c) For the hirer, the hire purchase agreement is like a cancellable lease
d) None of the above​

Answer 1

Answer:

For the hirer, the hire purchase agreements is like a cancellable lease

I hope so

hope it helps