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.
It works just like the capital lease we just spoke of for lessee, but in reverse (interest income, lease receivable VS interest expense, interest receivable) ï¬ Sales-Type: Lessor is getting a financing fee, but ALSO is making money from the product itself as well (they may be a manufacturer or retailer).