You realize you are using the right file editor when such a simple job as Classify age lease does not take more time than it should. Editing papers is now a part of numerous working processes in various professional areas, which is why accessibility and straightforwardness are essential for editing resources. If you find yourself researching tutorials or trying to find tips about how to Classify age lease, you may want to find a more intuitive solution to save time on theoretical learning. And this is where DocHub shines. No training is needed. Simply open the editor, which will guide you through its main functions and features.
A workflow gets smoother with DocHub. Use this tool to complete the files you need in short time and take your productivity to another level!
in this video were going to discuss the five tests that are used to determine whether a lease should be classified as an operating lease or as a finance lease so if you remember with the newly standard all leases that are longer than one year in length need to be capitalized that means that the lessee is going to recognize an asset a right of use asset on their balance sheet and then theyre going to recognize a liability for the lease payments that they have to pay okay but then the question is well how do we classify this lease because even though we know that okay we have to book an asset we have to book a liability theres still two different types of leases and it can affect what the income statement affects our right whether were recognizing interest expense or an amortization expense or just a lease expense right now talk about that the accounting a little more in a future video but for right now we just need to focus on how do we classify how do we even know what is the fina
