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Identify how nhyiraba limited will recognize

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Nhyiraba Limited lease a building worth R4 million to Quintin Limited under an operating lease for 10 years. During the period, Quintin Limited decided to buy the building at the end of the lease period of which no proper documentation and agreement were reached between the two companies. Identify how Nhyiraba Limited will recognize the building under IAS 40 and give reasons for your answer

Reference no: EM133253930

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