Problem
1. What considerations may have motivated the FASB to grant a four year transitional period in capitalizing pre-1977 leases meeting the capitalization tests of SFAS No. 13? What other political behavior is evident in the evolution of lease accouting?
2. Should valuable lease options of lessees be capitalized? 15. Why is the G4+ 1 like the Big Ten (a.k.a. Western Athletic Conference)?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.