I need help on a lease question... As a starting point for discussion/debate, lets put a "face" to the question. Assume you have an asset that does not meet the four main points to be qualified for a lease. However, the present value of minimum lease payments equals 85% instead of 90% of the fair value. Why or why not count it as a capitalized asset? Remember, the focus needs to be on ASSETS & LIABILITIES vs. MATCHING PRINCIPLE & FULL DISCLOSURE.
Paper#8069 | Written in 18-Jul-2015Price : $25