Examlex
Administrators of the land titles system do not guarantee the authenticity or accuracy of the registry records because the historical authenticity of documents filed 40 years previously is difficult to prove.
Operating Lease Method
An accounting method for leasing whereby the lease payments are treated as an operational expense, without recording the asset and liability on the balance sheet.
Straight-Line Depreciation
An approach that spreads the expense of a physical asset across its productive lifespan in consistent yearly increments.
Capital Lease
A lease classified as a purchase by the lessee for accounting purposes, as it transfers substantially all risks and benefits of ownership.
Present Value
The value today of a sum of money to be received in the future, or a series of future payments, based on a chosen rate of return.
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