Accounting for leases is regulated by the Financial Accounting Standards Board (FASB) in United States .Standards for accounting leases have been effective since 1977 (Accounting Standard Board‚ 2004). The primary standard for lease accounting is Statement of Financial Accounting Standards No. 13 (FAS 13). According to FASB (1976)‚ a lease is an agreement conveying the right to use property‚ plant‚ and equipment (PPE) usually for a stated period of time. Examples of assets that can be leased include
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LOCAL AREA NETWORK (LAN) A Local area network is a network that is confined to a relatively small area. It is general limited to a geographic area such; school‚ writing lab‚ building‚ office‚ or hall. A local area network’s linkages usually are accomplished with either telephone‚ coaxial‚ or fiber-optic cables. This network are privately own networks with and angle building or campus of up to a few kilometers in size. They are widely used to connect personal computers and work situation in company
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for e xplaining in clear and witt y prose why my s hopping habits are no t all th at crazy. Now‚ pl ease tell my wife!" - Bob Gale. \\ rilerlprodu(’er‚ Back to the FUlu re tril ogy " I’m in love . And if I didn’t have a devoted hu sba nd ‚ two kid s and a c ru shing mortga ge‚ J s wear I’d throw ca ution to the wind and run awa y with Paco U nd e rhill . .. fasc inating." - Rocky Mounlain News (De nv er) " Why We B uy is a funn y a nd insightful boo k for
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money cannot buy. This proverb is closely related with the proverb “money cannot buy happiness”. When we are born on this Earth‚ the almighty blesses us with a full – fledged family. This family consisting of our parents‚ grandparents‚ uncles‚ aunts and siblings is a blessing showered by the almighty on each and every individual. However rich an individual might grow‚ he cannot buy these relations. This is a universal fact known to one and all. Another important fact is that one cannot buy happiness
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Effects of Leases on Selected Financial Reporting Items for Lessees Posted on March 16‚ 2012 by James in Accounting‚ CFA Exam‚ CFA Exam Level 2 The table below summarizes the effects of operating and capital leases on selected financial reporting items for lessees. ITEM OPERATING LEASE CAPITAL LEASE Balance Sheet No impact. Leased asset and lease liability are created. Income Statement Rent expense occurs over the life of the least; this may be a constant value. Interest and depreciation
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In modern society there are many factors that can be used to influence or change the mind of a single person. A good example on how these factors are set in motion is through advertising. Each commercial has three aspects that can influence the audience into buying the product they are trying to sell. These three aspects are known as pathos‚ ethos‚ and logos. These three aspects are best shown in cell phone commercials/ads. Cell phone companies use them to fulfill their purpose‚ which is to
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Why buy a motorbike rather then a car? My name is Michael Kay‚ and the simple fact is that I know better then you do. So put down that meaningless road safety brochure your worried old mother gave you and let me educate you. There are thousands of ways in which I could persuade you to buy a motorbike but I’m sure that the argument that will make your eyes gleam like the coins that you don’t have is the fact that they are cheap. Indeed you will be paying half the bread then you would have
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Can you keep a secret? *** Okay. First of all‚ my penmanship is worst than a kid’s hand writing. So I just had this type written. Don’t get me wrong‚ I’m not too idle to not write this down. I actually tried writing this down‚ but I couldn’t read it myself either. So I thought resolving to typing would be more legible. :D *** The thing about lying is that you have to do it to protect
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What Makes Me Want to Buy Something . People often buy a lot of things daily . They sometimes don’t know why they want to buy something ‚ but they say it depends on their needs . However ‚ some people buy products for no reason . There are many factors that can affect people’s mind and make them want to buy a certain product . The most important is advertising which plays a vital role in convincing people to buy something . I myself buy products which can grab my attention through
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Accounting Treatment of Leases The accounting treatment of leases has undergone sweeping change over the past three decades. At one time leases were not disclosed in financial statements at all. Gradually lease disclosure was required‚ and appeared first in the footnotes to the financial statements. With only minimal disclosure‚ leasing was attractive to certain firms as an “off-balance-sheet” method of financing. There is‚ however‚ no evidence that such financing had a favorable effect on
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