0
What else can I help you with?
Are executory costs included in aggregate lease payments?
No we will not incurred executorycosts in aggregate lease paymentsMinimum Lease payments : Minimum rental payments + guaranteedresidual value + penaltyfor not renewing or extending lease + bargainpurchase optionMinimum rental payments: Regular payment to lessor, exc'lexecutorycosts (ie.insurance,maintenance, tax).
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.
Will My Payments Increase In Between The Term Of The Lease?
No. Your payments are locked in for the complete term of the lease. However, in case the tax rates increase, then on that way it will affect your payments.
What does capitalizing lease payments mean?
Capitalizing lease payments means treating the lease payments as an asset on a company's balance sheet rather than as an expense in the income statement. This is done under accounting standards like IFRS 16 and ASC 842, which require lessees to recognize a "right-of-use" asset and a corresponding lease liability. This approach can impact financial ratios and overall financial reporting, reflecting the long-term obligation associated with the lease.
How do you calculate lease liability?
To calculate lease liability, first identify the total lease payments over the lease term, including fixed payments, variable payments that depend on an index, and any residual value guarantees. Then, determine the discount rate, which is typically the interest rate implicit in the lease or the lessee's incremental borrowing rate if the implicit rate is not readily determinable. Finally, present value these lease payments using the discount rate to arrive at the total lease liability.
You are trying to get out of your lease Under the amendments to the lease section says This lease will not be in effect until all pymts are made you have not made all the payments Is your lease valid?
What payments are you referring to? It sounds as if the clause refers to the preliminary payments that are often secured PRIOR to allowing the tenant to move in and the lease actually going into effect (i.e.: security deposit - pet deposit - utility deposits - etc). If you've been living there and the payments you are referring to are your rental payments - too late - the lease is already in full effect.
Which of the following statements best explains the effects of transfer payments and taxes on aggregate spending?
Transfer payments and taxes affect aggregate spending indirectly by first changing disposable income and thereby changing consumption.
What does inception date of lease mean?
The inception date of a lease refers to the specific date when the lease agreement becomes effective and the lessee begins to have the right to use the leased asset. This date marks the start of the lease term and often determines when lease payments are due. It is important for both parties as it establishes the timeline for obligations and rights under the lease.
What is tax advantage of Capital lease?
A capital lease allows the lessor to take advantage of the accelerated depreciation methods, and/or the bonus first-year expensing method (e.g. section 179 deduction) for the leased asset. The lessor also gets to deduct the interest portion of the lease payments, which is greatest at the beginning of the lease. Theoretically, the aggregate deductions over the life of the lease should be equal. Thus, the lessor gets the benefit of accelerated deductibility, and therefore the desirable time value of money.
Can someone cosign a car lease for me?
Yes, someone can cosign a car lease for you. This means they are agreeing to be responsible for the lease payments if you are unable to pay.
What is the accounting treatment for lease to own agreements?
Lease to own agreements are treated as a combination of a lease and a purchase in accounting. The lessee records lease payments as expenses and the asset as a liability on the balance sheet. Over time, the lessee gradually assumes ownership of the asset as payments are made.
Can you co-sign a lease for a car?
Yes, you can co-sign a lease for a car, which means you are agreeing to be responsible for the payments if the primary lease holder is unable to pay.
