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Capitalize capital lease interest?
yes , it can be capitalized if its refere to a qulifiying asset that requier a long time to be ready for use
What are different types of lease agreement?
1 - Operating Lease 2- Financial Lease
A lease of an asset for its entire productive life?
Lease which is done for the entire productive life of an asset is called "Capital lease or finance lease".
Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
What is the Difference between sales type lease and capital lease?
Capital lease is that lease in which assets are acquired for substantial useful life of asset for use in business. Sale type lease is that in which discounted cash flow for miminum lease payment is higher than value of leased asset and only relevant to lessor.
Where are operating leases recorded in financial statements?
Operating lease is that kind of lease which is not done for entire useful life of assets and only lease rental are paid and expensed through income statement.
Capitalized lease depreciated by the lessee?
No. It's not necessary
What is capitalized lease obligations?
Capitalized lease obligations refer to lease agreements where the lessee records the leased asset as a capital lease on their financial statements. This means the lessee treats the leased asset as if it were purchased with a loan, and includes the lease payments as both an asset and a liability on their balance sheet.
Do you use capital letters in Sub-Lease?
No, it shouldn't be capitalized.
What is off-balance sheet financing?
The most common example would be a lease of equipment. Since the equipment is treated like a rental, the asset and the corresponding liability are not shown on the balance sheet. Lease payments are expensed as paid and the lease obligation would be disclosed in a note to the financial statement.
Is freight capitalized as part of a lease?
It depends on the specific lease agreement. In some cases, freight costs may be included as part of the capitalized cost in a lease, while in other cases they may be treated as separate costs. It is important to review the terms of the lease agreement to determine how freight costs are being handled.
How do you register a commercial lease?
A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.
Is it cheaper to lease a car rather than buy a car?
No. Leasing is for suckers. A lease is no more than renting a vehicle with nothing to show for it at the end. Stay away from a lease. Buy what you can afford, and forget the lease.
Capitalize capital lease interest?
yes , it can be capitalized if its refere to a qulifiying asset that requier a long time to be ready for use
Where can I lease company cars?
I think people should go to lease trader. Lease trader will give you all the information that you need to tell you where you should lease a car. They make sure that you are happy when you leave there office.
How can an accountant determine whether a lease is a capital lease or operating lease?
If a copy of the lease agreement is made available to the accountant, this should be easily determined.
What is an oil and gas lease sight draft?
What is a draft from a oil lease>? what should i do with it?
