Why do asset and liability balances for capital leases usually differ after the first year?

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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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Why do asset and liability balances for capital leases usually differ after the first year?

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The asset balance is amortized over the lease term according to the lessees norm...View the full answer

Intermediate Accounting

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