Crystal corporation makes $2,000 payments every month for leasing office equipment. crystal recorded a lease payment as follows:

Question

Business

Amira

27 November, 23:06

Crystal corporation makes $2,000 payments every month for leasing office equipment. crystal recorded a lease payment as follows:

+1

Answers (1)

Know the Answer?

Coffey · Answer 1

Crystal corporation makes $2,000 payments every month for leasing office equipment. Crystal recorded a lease payment as an operating lease.

An operating lease is a lease that is commonly used for a short term basis and asset. The operating lease payment is found on the financial statement.