Questions and Answers
Which criteria must suitable asset finance assets satisfy, according to the text?
Durable, Identifiable, Moveable, Saleable
What is the significance of ensuring the asset can maintain an anticipated value in asset finance approval?
To cover a residual position
Why is it important for asset finance providers to know the planned use of the goods?
To assess the expected duration of use
What does the mnemonic DIMS stand for in relation to suitable asset finance assets?
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How does the useful life expectancy of identical assets put to different uses vary?
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What aspect of an asset's life cycle is crucial for asset finance providers to evaluate?
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In asset finance, what does ensuring an asset is moveable imply?
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Why is it necessary for asset finance assets to be identifiable?
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In asset finance approval, what does 'merchantable quality' primarily refer to?
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Why do asset finance providers need to ensure that assets are saleable?
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