Examlex
There is more caffeine in a 148-mL (5-ounce) cup of tea then there is in a 148-mL cup of coffee.
Operating Lease
Operating lease is a contract that allows for the use of an asset but does not convey rights of ownership of the asset.
Capital Lease
A leasing arrangement in which the lessee records the leased asset as if it was a purchase, reflecting it on their balance sheet as an asset and a corresponding liability.
Lease Inception
The point in time at which a lease agreement is initiated or executed between the lessor and the lessee.
Capital Lease
A lease classified as a purchase by the lessee, allowing for the asset and liability to be recorded on the balance sheet.
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