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25 July, 11:10

Matt co. is the lessor in connection with an operating lease. matt co. would record:

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  1. 25 July, 14:17
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    Matt co. is the lessor in connection with an operating lease. matt co. would record a depreciation expense. The lessor records it as a depceciation expense becuase they are using a stright-line lease as a source of revenue. As the operation lease declines, it will keep showing as a depreciation on their balance sheets.
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