Ask Question
13 June, 15:23

What are the current practice in accounting for leases?

+5
Answers (1)
  1. 13 June, 18:47
    0
    By capitalizing an operating lease, a financial analyst is essentially treating the lease as debt. Both the lease and the asset acquired under the lease will appear on the balance sheet. The firm must adjust depreciation expenses to account for the asset and interest expenses to account for the debt.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are the current practice in accounting for leases? ...” in 📘 Physics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers