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What is the difference between operating lease and capital lease?
An operating lease is a rental agreement where the lessee uses an asset without ownership, typically for a shorter duration, and does not appear on the balance sheet as an asset or liability. In contrast, a capital lease (or finance lease) transfers ownership benefits and risks to the lessee, usually lasting for most of the asset's useful life, and is recorded on the balance sheet as both an asset and a liability. This distinction affects financial reporting, tax treatment, and how the asset is depreciated.
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
The difference between the cost of an asset and the accumulated depreciation for that asset is called?
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
What is the difference between an expense and an asset?
An asset will have benefits extending into the next accounting period
What is difference between fixed asset and non current asset in detail?
assests means
What is the difference between real asset and financial aseet?
fair and ethics
What is the difference between asset management and private banking?
The difference between asset management and private banking is the source of the money. In asset management, the money comes from financial and insurance companies as well as certain funds. In private banking, the money is from individuals.
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
The difference between the cost of an asset and the accumulated depreciation for that asset is called?
Book Value is the difference between the cost of an asset and the accumulated depreciation of that asset.
Difference between operating lease and finance leasing?
An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.
What is the difference between operational lease and finance lease?
The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The differentiation is mostly important for accounting , taxation and financial reporting purposes.
What is the difference between Finance lease and operational lease?
The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The differentiation is mostly important for accounting , taxation and financial reporting purposes.
Differentiate between net asset aur current asset?
Working capitol is the difference between net asset and current asset.
What is differece between time differece and temprary difference?
"Time difference" refers to the difference in time between two points or events, such as time zones or travel times. "Temporary difference" refers to the difference between the carrying amount of an asset or liability on the financial statements and its tax base, which will reverse in the future.
What is the difference between physical assets and financial assets?
A physical asset is something tangible that is owned such as equipment, cash, and inventory. Financial assets refer to things such as stocks and bonds, which have value but are not tangible.
What is the difference between a real asset and a financial asset?
A real asset is a tangible asset like gold or real estate. You can hold it or place your hand on it. It has intrinsic value in and of itself. A financial asset is not tangible. Instead, its existence is "represented by evidence of its existence such as a paper certificate, like money, a savings passbook, a stock certificate, or a bond. The paper in money has no intrinsic value. Its value is derived by virtue of what it represents.
Why do income statements for internal purposes differ to published income statements?
The difference in operating income between the two methods is the difference in ending inventory values, which is the fixed overhead costs that have been capitalized as an asset ( inventory ) because overhead costs that have been capitalized as an asset.
