Capital leases are rental agreements for which the contractual arrangements are similar to a purchase the period of the lease is generally a very small portion of the leased asset 's useful life the lessee has legal ownership of the asset ...

First the life of the lease must be 75 or greater for the assets use ...

Capital leases are rental agreements for which: the contractual arrangements are similar to a purchase. the period

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Capital leases are rental agreements for which:

the contractual arrangements are similar to a purchase.
the period of the lease is generally a very small portion of the leased asset's useful life.
the lessee has legal ownership of the asset.

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: May 16, 2020 03:11 PM

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Capital leases are rental agreements for which: the contractual arrangements are similar to a purchase. the period

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Using Financial Accounting Information The Alternative to Debits and Credits

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