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Finance vs. Operating Lease (Lessee's Perspective)
12:20
YouTubeEdspira
Finance vs. Operating Lease (Lessee's Perspective)
This video shows how the accounting for a lease would be different if the lessee used a finance lease vs. an operating lease under the new lease rule. With either classification, the lessee would initially recognize a right-of-use asset and a liability for the lease payments. Each time a lease payment is made, the lease liability would decrease ...
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