1. Explore the FASB Codification section related to leases (§840). Identify one concept that you did not know prior to completing this research, citing the code section. Identify one question that has arisen as you have explored leases in the Codification, and post this question as well. Your initial post should be 250-500 words, and should demonstrate solid academic writing skills.
2. Find a publicly traded company that has assets under capital lease on its balance sheet. Provide a link to the balance sheet in your post, and explain the details of the leasing transactions based on the amounts and disclosures found in the financial statements. What potential benefits do you think the company expected when choosing to lease, rather than buy, these assets? All posts should be grammatically correct and proofread for spelling.