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Lease Accounting for Lessor-The Basics
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Lease Accounting for Lessor-The Basics
Operating lease
Capital Lease
- Must meet one of the lesse criteria & (1) collectibility reasonably assured +(2) no important uncertainties concerning unreimbursable costs yet to be incurred by lessor
- Financing Lease
- No profits/loss recognized on sale.
- Interest income over lease term
- Sales Type Lease
- Generates revenue on sale and interest income over lease term
- Sales Price=PV of MLP
- CGS=cost to lessor-PV of ungaranteed residual value
- Profit=FMV-Cost to Lessor
- Financing Lease
- Must meet one of the lesse criteria & (1) collectibility reasonably assured +(2) no important uncertainties concerning unreimbursable costs yet to be incurred by lessor
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- Masters Accounting Mind Map on Lease Accounting for Lessor-The Basics, created by jstachiw on 12/12/2015.
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