4 ms·
In layman’s terms, does this mean that some company a) borrowing money for 10 years to buy machinery, and b) leasing that machinery for the next 10 years, will
by runeks 9y ago
In layman’s terms, does this mean that some company a) borrowing money for 10 years to buy machinery, and b) leasing that machinery for the next 10 years, will be reported equally on its balance sheet?
- heos 9y agoMore or less. Big difference is that 10 years leasing would still be less debt/asset than owning (cars being a prime exampel with leasing usually being for 3 years at a time, obviously a smaller asset/debt than buying the same car).