The treatment of operating leases in the books of the lessee and the lessor
ID:CVOLB
Video Overview
A lease is an agreement between the lessor and the lessee. The lessor is the person who give the lessee the right to use the asset over an agreed period of time. The lessee is the person who make a series of payments to the lessor a for the right to use the asset. In this tutorial the treatment of an operating lease in the books of the lessee and the lessor will be discussed.
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