answersLogoWhite

0

Subjects>Business>Finance

What is FAS13?

User Avatar

Anonymous

∙ 16y ago
Updated: 4/28/2022

FAS 13 is Statement 13 of the FASB. It is a statement involving Accounting for Leases. There are four criteria used to determine if the lease is considered a capital lease.

User Avatar

Wiki User

∙ 16y ago
Copy

What else can I help you with?

Continue Learning about Finance
Related Questions

When is a capital lease a better alternative than an operating lease?

It depends on your business needs. A capital lease allows you to carry an item on your books as if you own it, so any of the reasons for ownership would qualify. One good reason for opting for a capital lease is that at the end of the term, you may purchase the item for little more than what you've already invested. This is good, if the equipment is well-maintained and could last well beyond its useful life. I have to qualify the answer, though, because I am not sure if you are talking FAS13 definition of capital lease for financial reporting purposes or what some people call capital lease under the Internal Revenue Code (also known as conditional sale).


Trending Questions
Number of working hours in a year? What are the objectives of the sari sari store? Are online loans real? What is compensatory decision rule? A man decides to deposit 8 million pennies with a reserve requirement of 20 percent how did his deposit change the lending capacity of his bank? Where can one find reliable information online on what is a mutual fund? Who is the chairman of reliance group of industry? How do you tell if a 2 dollar bill is counterfeit? What should be the minimum balance SBI saving account? Where can one find more information about local banks? Can you sublet your condo after a home loan modification? What are some 0 balance transfer credit cards? Can student loans or grants help pay bills other than school expenses? What is tens digit of the difference of 78 less than 34? How many feet in var? How can you get credit score in your credit card using ITIN? Can you deposit cash in to a ex spouses account with out her permission? Who was a french fur trader and explorer? What happens to a mortgage when home owner is deceased and the home is gifted to a child in a trust? What is the future value of monthly deposits?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.