what are generally accepted accounting principles gaap reporting lease capital lease

ResearchPaperWriters.com has established itself as the best academic writing website through a combination of well-furnished writers, highly-rated custom research paper writing services, top-level writers, discounts, punctual delivery, and 24/7 support. These facets come together to create a platform that not only meets but often exceeds the academic writing needs of its clients. Whether you are a student grappling with tight deadlines or a researcher in need of in-depth, well-researched papers, ResearchPaperWriters.com is the pinnacle of academic writing excellence, ready to provide you with top-tier services and exceptional results. At the core of ResearchPaperWriters.com’s success are its well-furnished writers. The platform prides itself on the caliber of its writers, who are highly qualified professionals with expertise in various academic fields. These writers have a deep understanding of the intricacies and requirements of different academic disciplines, ensuring that each project is handled with the utmost care and competence. Their proficiency in conducting thorough research and crafting well-structured, academically rigorous papers is the cornerstone of the website’s success.

ABC Company enters into a lease agreement with XYZ Corporation for laser tech machines. The lease agreement qualifies as an operating lease. However, there is one thing that stands out. There is a bargain-purchase option. After the 3-year lease term, each laser tech machine can be purchased for $500, even though the market value is $850.

You are the controller of ABC Company. You feel that the machine should be recorded as a capital lease because of the bargain-purchase option. Your manager, Martha, feels that at the end of the 3-year term, the laser tech will not be worth $500 because of rapid advances in technology.

  • What is the ethical issue?
  • What should you, the controller, do?
  • What are the generally accepted accounting principles (GAAP) for reporting a lease as a capital lease?

REQUIREMENTS:

1.) between 400-600 words

2.) original

ResearchPaperWriters.com’s pool of top-level writers is a testament to its dedication to quality. The website carefully selects its writers, ensuring they possess advanced degrees and a proven track record of academic writing excellence. This commitment to excellence translates into papers that not only meet but often exceed the expectations of clients, contributing to the platform’s well-deserved reputation as the best in the business. Affordability is another key aspect that makes ResearchPaperWriters.com the best academic writing website. The platform understands the financial constraints that students often face and strives to provide cost-effective solutions. Clients can benefit from discounts and bonuses that help make these high-quality services accessible. These financial incentives, in conjunction with exceptional writing quality, make ResearchPaperWriters.com the go-to choice for academic assistance.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

/by