During which period of time should a lessee amortize a leased property? The lease is a finance lease and contains a written option to purchase.

A firm sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reporting as a finance lease under US GAAP. At the time of sale, the sale-leaseback will be considered:

ABC leased equipment to DEF under a noncancellable lease with a transfer of title. Will ABC record depreciation expense on the leased asset and interest revenue related to the lease?

Which of the following is not among the criteria that must be met to record a lease as a capital lease?

The Global Group leases an asset from Earth Co for 8 years. The life of the asset is expected to be 10 years. If the lease does NOT contain a bargain purchase option or a transfer of title, which of the following is correct?

In Year 3, Meyer Corp sold an asset for $900,000 to Sailer Corp and simultaneously leased it back for 5 years. The assets remaining life was 53 years, and the carrying value on the date of the sale was $640,000. The annual lease payments were $180,000 per year. How much gain should be recognized by Meyer in Year 3?