Subject:
AccountancyAuthor:
amoreCreated:
1 year agoExplanation:
An operating lease is treated like renting—lease payments are considered as operating expenses. Assets being leased are not recorded on the company's balance sheet; they are expensed on the income statement.Author:
deshawnq0oy
Rate an answer:
6Answer: The amortization expense of the right-of-use asset is calculated using the straight-line depreciation method over the lease term.
Explanation:
Author:
skyler297
Rate an answer:
10