Examlex
_______ occurs when there is the removal of consequences following an unwanted behaviour.
Guaranteed Residual Value
The minimum future value of an asset as guaranteed by a third party or agreement upon the asset's lease end.
Initial Direct Costs
Initial Direct Costs are expenses directly associated with negotiating and arranging a lease that are not included in the net investment in the lease.
Sale-leaseback
A transaction where an asset is sold and immediately leased back from the new owner, allowing the seller to continue using the asset while freeing up capital.
Depreciation Expense
The systematic allocation of the depreciable amount of an asset over its useful life, representing wear and tear or obsolescence.
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