What is operating lease?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is operating lease?
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Operating lease:
An operating lease is an agreement to use and operate an asset without ownership. Common assets that are leased include real estate, automobiles, aircraft, or heavy equipment. By renting and not owning, operating leases enable companies to keep from recording an asset on their balance sheet by treating them as operating expenses.
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