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okay here were going to be going through a consolidation here for an inner corporation lease here and were going to be looking at an operating lease here so for an operating lease the lesser here records the purchased asset and depreciates it now the lister records rent revenue while the lysi records rent expense and for the consolidation its necessary to eliminate this inner corporation expense and revenue in any related rent receivables and payables on this lease and for example here were going to be looking at corporation p the parent who purchases a machine here for 240 000 that has a five year life and depreciating it here in a straight line were gonna get forty eight thousand dollars depreciation per year and that is they make this purchase here on one one of x one and then they leased the machine here to the corporation s the subsidiary on eight one x one or august first year of that first year as an operating lease at the year-round the consolidation here is going to be o