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Hey guys, so I’m going over the rules on capital vs finance lease and what depreciation method to use. I’m getting confused on which depreciation method to use because the becker test bank is giving mixed answers.
I know for leasehold improvements we depreciate it over either the life of the lease or the life of the asset depending on which ever is shorter.
For capital lease, is it over the life of the lease or life of the asset? Same question for finance lease.
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