Respuesta :
When a lessee properly accounts for an operating lease, it deducts the amount of interest on the liability to/from the straight-line lease expense to arrive at the amount of ammortization on the right-to-use asset (D).
Operating lease refers to a contract a company made to utilize an asset but does not convey its ownership right. Operating lease allows a company to use the asset without having to spend much on purchasing it. Operating lease is a short-term contract and usually cheaper than the asset purchasing costs. However when a company deals on an operating lease, the lease cost is usually higher than the asset's market value.
Since the ownership of the asset is stay with the lessor, the maintenance of the asset is held responsible by the lessor. The lessor is obliged to perform periodic maintenance of the lease asset. Operating lease allows the lessor to cancel the contract without any penalty. However the lessee will be subjected to a fine if he terminates the contract first.
The lessee should measure the right-of-use asset at the amount of the lease liability, adjusted for:
- any impairment of the asset
- Prepaid or accrued lease payments
- Any remaining balance of lease incentives received
- Any unamortized initial direct cost
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