Classification in GAAP is “prescriptive”. If one of the following criteria is met, then a lease is then considered to be a Finance Lease, if not, then it will be an Operating Lease. As a reminder, Finance Leases are reported in the Balance Sheet, where Operating Leases are direct expenses in the Income Statement.
Finance Lease for Lessee Prescription:
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12/18/2017 02:57:26 am
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Motivence
12/18/2017 08:02:30 am
Good quality that helps make things easier, is something we strive for. We just hope it makes lives a little easier all through the empowerment of knowledge. We appreciate your engagement and like always, cheers.
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