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QUICK NOTES ON OPERATING LEASE

Operating Lease Definition: (PAS 17, par 4) an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. 2 parties – lessee and lessor OPERATING LEASE (LESSEE) –                            Rental approach –                            Rent expense –                            LEASE BONUS… Continue reading QUICK NOTES ON OPERATING LEASE