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Under ASC 8 4 2 the lessee reports as leased asset and lease obligation for both a financing lease ( like a capital lease in
Under ASC the lessee reports as leased asset and lease obligation for both a financing lease like a capital lease in the past and an operating lease this is the significant change under the new rules When lease payments are made how is the expense reported on the income statement if an operating lease under the new rules the impact on the income statement for the lessee has not changed if a finance lease.
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