capital lease equipment depreciation. how to do it?

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capital lease equipment depreciation. how to do it?

2007-11-16 06:15:07 · 1 answers · asked by Melabs 1 in Business & Finance ➔ Other - Business & Finance

1 answers

You depreciate the amt. at which you capitalised the equipment. This amt. must not include the interest element, which should be expensed off with each instalment payment. In addition, the estimated useful life should not be shorter than the lease period.

2007-11-16 21:20:18 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋