An operating lease is a short-term lease of fixed assets. After one lesse has returned it, another lesse will quite likely use it. This is recrded in the Trading Profit and loss account for year ended XxXx as an overhead.
Operating leases are short-term, and deal mainly with assets that depreciate slowly.
Operating leases are short-term, and deal mainly with assets that depreciate slowly.
by Kung-Fu Jesus April 30, 2004