Leases depreciation clarification

CPA Exam Review CPA Exam Forum FAR Exam Prep & Test Experience FAR Review Leases depreciation clarification

This topic contains 0 replies, has 1 voice, and was last updated by  nshah1824 7 months, 1 week ago.

Viewing 1 post (of 1 total)
  • Author
  • #2209261


    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.

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.

Would You Hate It If I Gave You $162.12 Of Free CPA Review Material That Will Help You…

1) Study Less

2) Avoid Common CPA Candidate Mistakes

3) Get Higher Scores

4) Spend More Time with Friends and Family

5) Finally Pass and Get On With Your Life?