leasing: an AFSB balance sheet classification 13 to be accounted for by a lessee as a purchase and by the lessor as a contract of sale or financing, provided that it meets one of the following criteria: (a) the lessor automatically transfers ownership to the lessee at the end of the lease period; (b) the lease includes an option to acquire the asset at an advantageous price; (c) the rental period is equal to or greater than 75% of the estimated economic life of the property (derogations apply to second-hand immovable property leased towards the end of its useful life); or (d) the present value of the minimum rental rents is equal to or greater than 90% of the fair value of the leased asset, net of the lessor`s investment tax credits.

Full Payout Lease Agreement

  • September 21st, 2021
  • Posted in Uncategorized

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