The 7.5 hours in the classroom are just the starting point. On average, teachers are at school an additional 90 minutes beyond the school day for mentoring, providing after-school help for students, attending staff meetings and collaborating with peers.
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
countable noun. 1  A lessor is a person who owns something such as a house or piece of land and leases it to someone else. 2  a person who grants a lease of property. 3  a person who gives a lease; landlord. 4  A lessor is the owner of an asset such as a car or building, who is renting it out to the lessee. Under a full-service or rental lease, the lessor promises to maintain and insure the equipment and to pay any property taxes due on it. Leases come in many forms, but in all cases the lessee promises to make a series of payments to the lessor. A lessor is the owner of an asset such as a car or building, who is renting it out to the lessee.