Lessee Accounting Flashcards
1
Q
What are the steps to calculate finance leases?
A
2
Q
What is the finance lease criteria?
A
3
Q
What are the operating lease components?
A
4
Q
At the inception of a financial lease, what happens with residual value guarantee?
A
5
Q
How do you solve for the present value of lease payments?
A
6
Q
What happens to first payment at lease inception?
A
7
Q
How do you calculate monthly lease expense?
A
