Examlex
Good coding practice dictates that elements within a statement should be separated by a space to make the statement easier to read,even though the space is not required.
Accumulated Amortization
The total amount of amortization expense that has been applied to a fixed asset since its purchase.
Future Minimum Lease Payments
The total amount of payments that the lessee is expected to make under the lease agreement over its term.
Direct Financing Lease
A leasing arrangement in which the lessor purchases an asset for the lessee and rents it out, with the lease payments designed to cover the original cost plus a profit margin.
Unearned Interest: Leases
Interest that has been collected on a lease agreement before it has been earned, usually according to the payment schedule.
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