Case study

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6-1 Discussion: Accounting for Leases: Using Codification – Choose Case 20-14 or Case 20-15: Capital Lease Issues
Discussion Topic

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Task: Reply to this topic

Starts Jun 29, 2019 11:59 PM


Case 20-14 and Case 20-15, both of which address capital lease issues.

Choose either Case 20-14 or Case 20-15 and prepare a reply to the

controller for the scenario presented. Once you have presented a

response to the case chosen, decide whether or not a lease or purchase

would be the best option for the item being considered for acquisition.

Explain how the asset would be accounted for by purchase and what effect

it would have on the financial statements. Use your readings from the

text and at least one additional academic resource to provide support

for your response. The websites provided in the module reading and

resources section may be used along with any other reputable site.

Remember to use proper APA-style formatting.

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