 Accounting
for Leases-SFAS No. 13
"If the lease contains a bargain purchase
option,. . . the payment called for by the bargain
purchase option shall be included in the minimum
lease payments"
"If the present value of the minimum lease payments
exceeds the fair value of the leased property at lease
inception, the amount measured initially as the asset and
obligation shall be the fair value." codification
section 840-30-3
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Basic
illustration--lessee
accounting
Basic
illustration--lessor
accounting
Illustration--Sales
type leases End of year payments
Illustration--Sales
type leases Beginning of year payments
Guaranteed
vs.
Unguaranteed
residual
values
Selected
ASC Codification Sections Relative to Recording
Leases
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