Accounting by the Lessee
{"Image DocumentName": "Accounting by the Lessee", "Image ImageDescription": "If the lessee capitalizes a lease, the lessee records an asset and a liability generally equal to the present value of the rental payments. Records depreciation on the leased asset. Treats the lease payments as consisting of interest and principal. LO 2 Describe the accounting criteria and procedures for capitalizing leases by the lessee.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}