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What is Sales Type vs Direct Financing Lease about?

1. A direct financing lease is a lease where ownership transfers to the lessee, there is a purchase option, the lease term is major part of asset life, and the present value of lease payments is substantially all of the fair value of the asset. 2. For accounting purposes, the lessor calculates the gross investment as total rentals plus any guaranteed or unguaranteed residual value, and the net investment as the asset cost plus initial direct costs. 3. The unearned interest income is the difference betwe

Author

Kent Raysil Pamaong

Language

EN