Examlex
Which of the following is not an assumption about traits?
Net Investment
The total amount spent on purchasing new assets and maintaining existing ones, minus any depreciation.
Initial Direct Costs
Expenses directly associated with acquiring or initiating a lease, which can include commissions, legal fees, and other incremental costs.
Unearned Interest Revenue-Leases
Revenue recognized from leasing transactions which has been collected but not yet earned, typically because the service period has not been completed.
Sales-type Lease
A lease agreement in which the lessor effectively transfers ownership and all risks and rewards of the asset to the lessee, resulting in immediate profit recognition.
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