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Operating lease

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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January 9, 2021 at 7:36 am #605317
Noah098
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Sir is it ‘always’ so the case that operating lease for the lessor would be low value or short duration lease for the lessee?
January 9, 2021 at 2:37 pm #605371
Stephen Widberg
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No – completely different rules
Usually where lease term is less than asset life – in practice if lease term is <75% asset life (not an official rule)
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