A lessee should classify a lease transaction as a capital


1. A lessee should classify a lease transaction as a capital lease if it is noncancelable and one or more of four classification criteria are met. Otherwise, it is an operating lease. What are these criteria? 

Solution Preview :

Prepared by a verified Expert
Accounting Basics: A lessee should classify a lease transaction as a capital
Reference No:- TGS01353169

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)