Examlex
The basis of property acquired in a bargain purchase is its cost.
Lessor
The party in a lease agreement that owns the leased asset and grants the lessee the right to use the asset in exchange for lease payments.
Capital Lease
A lease agreement that grants the lessee ownership rights of the asset at the end of the lease term.
Gross Investment
The total amount spent on acquiring new assets and maintaining or upgrading existing ones, without deducting for depreciation.
Lessor's Balance Sheet
A financial statement detailing the assets, liabilities, and equity of a lessor under lease transactions.
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