Explain the close parallel between a capital lease and the borrow-purchase decision from the viewpoint of both

Question:

Explain the close parallel between a capital lease and the borrow-purchase decision from the viewpoint of both the and the income statement.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...