Conceptually, what is the difference between a capital lease and an operating lease?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:18 AM

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Conceptually, what is the difference between a capital lease and an operating lease?

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A capital lease is accounted for as if the lease agreement transfers ownership of the asset ...View the full answer

Intermediate Accounting

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