1 In a capital lease, GAAP requires the lessee to record the lease on its balance sheet at the present value of future lease payments to record rental revenue as each lease payment is received to not depreciate the leased asset to transfer ownership to the lessee 1 In a capital lease, GAAP require...

In capital lease GAAP requires the lessee to record ...

1. In a capital lease, GAAP requires the lessee to record the lease on its balance...

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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Posted Date: Aug 04, 2021 05:35 PM

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1. In a capital lease, GAAP requires the lessee to record the lease on its balance...

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Intermediate Accounting

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