Why would a company include leased assets in the property, plant, and equipment section of its balance

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Why would a company include leased assets in the property, plant, and equipment section of its balance sheet when the assets are owned by another entity?

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...
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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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