Question
Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where
Assume a government leases equipment to be used in governmental activities under a noncancelable lease, meeting the requirements for classification as a capital lease. Where would the capital lease and the payments on the lease be reported in the governments financial statements?
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Managerial Accounting
Authors: Hartgraves And Morse
6th Edition
1934319805, 978-1934319802
