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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Starts Jun 29, 2019 11:59 PM
Review
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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