Theory and Analysis
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Theory and Analysis


  • High School
  • 621

Short excerpt:

Under a capital lease, each payment is distributed as interest expense and reduction of principal liability. Like any loan payment schedule, each successive payment allocates a greater amount to the reduction of the principal and a lesser amount to interest expense. Through this process loan is reflected on the balance sheet at the present value of the future cash flows discounted at the effective interest rate (Schroeder, Clark, & Cathey, 2005).

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