Solved: How to record a capital lease, Finance Basics

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How to record a capital lease

Question 1: What are the four criteria used to determine if a lease is classified as a capital lease by both the lessee and lessor. What are the other considerations for a lessor when determining if and how to record a capital lease?

Question 2: What are the procedures used by the lessor to account for a capital lease. How do they differ from the accounting procedures followed by the lessor for an operating lease?

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Finance Basics: How to record a capital lease

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