The characteristics of operating lease
A: Revocability
B: Fully payment-ability
C: Incomplete payment-ability
D: Lease property is purchased in bulk by lessor
A: Revocability
B: Fully payment-ability
C: Incomplete payment-ability
D: Lease property is purchased in bulk by lessor
举一反三
- The lessor should divide the lease into financing lease and （ ） lease on the lease start date.
- In financial lease, the lessor is obligated to pay lease rent till the expiry of lease period. （ ）
- One difference between a financial lease and operating lease is that：（ ） A: there is an often a call option in a financial lease. B: there is often an option to buy in an operating lease. C: an operating lease is often cancellable by the lessee. D: a financial lease is often cancellable by the lessee.
- What entry is required for the lessor in a finance lease? A: Lease receivable. B: Rental income. C: Interest expense. D: Depreciation expense.
- What entry is required for the lessor for an operating lease? A: Gain/loss on asset sale. B: Net investment in lease. C: Interest income. D: Depreciation expense.