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Title: Financial Accounting: Finance Lease - Lessor
Description: Summary of accounting for Finance Lease relating to lessor.
Description: Summary of accounting for Finance Lease relating to lessor.
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Satisfying any of these criteria would normally lead to finance lease:
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Accounting Models:
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- Net investment in the lease = PV of the rentals plus any PV of residual value whether
guaranteed or unguaranteed
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Direct Financing Lease
- Gross investment in the lease = Gross rentals plus gross residual value whether
guaranteed or unguaranteed
- Net investment in the lease = Cost of the asset plus initial direct cost
- Unearned interest income = Gross investment less Net investment
- Initial direct cost = Capitalized as cost of the asset, therefore, part of the net investment
Title: Financial Accounting: Finance Lease - Lessor
Description: Summary of accounting for Finance Lease relating to lessor.
Description: Summary of accounting for Finance Lease relating to lessor.