When accounting for a sales-type lease, the lease receivable amount is unique from the sales revenue and cost of goods sold amounts because it includes the bargain-renewal option. bargain-purchase option. unguaranteed residual value. guaranteed residual value.

There are different kinds of lease. The lease receivable amount is unique from the sales revenue and cost of goods sold amounts because it includes the unguaranteed residual value.

A lessor with a sales-type lease that has an unguaranteed residual value embedded is often made available to the lessor at the end of the lease term, that will report sales revenue in the starting time of the lease at the present value of the minimum lease payments.

For a sales-type lease, the gross profit is known to be the same regardless if the residual value is said to be guaranteed or not.

In a sales-type lease, the starting direct costs are expenses in the year it was incurred and so there is a reduction of the present value of the unguaranteed residual value from sales revenue and cost of goods sold.

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