Question
1. A lease payment is comprised of interest and principal of lease obligation. How do we calculate interest expense and the principle of capital lease
1. A lease payment is comprised of interest and principal of lease obligation. How do we calculate interest expense and the principle of capital lease obligation in a payment?
2. Describe the accounting procedure of the Sales Type of Capital Lease for the Lessor.
3. Describe the accounting procedure of the Direct Financing of Capital Lease for Lessor.
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Accounting A Comprehensive Guide For Beginners
Authors: Robert McCarthy
1st Edition
1638180474, 978-1638180470
