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.
True Tax Lease Vs Non-Tax Lease. The true lease offers all of the primary benefits commonly attributed to leasing. It is a tax-oriented lease in which the Lessor claims the tax benefits of ownership through depreciation deductions, but passes through to the Lessee those benefits in the form of reduced rentals. The Lessor owns the leased equipment for the life of the contract.
Finance lease. Lessee-The asset and a corresponding liability are recognised initially at fair value or the present value of minimum lease payments if lower. A finance charge is recognised over the period of the lease.Lessor-The asset is derecognised and a receivable recognised, initially equal to the net investment in the lease.AS 17 Leases sets out the appropriate accounting policies and disclosure to apply in relation to leases in the financial statements of both lessees and lessors. Revised December 2003. Effective 1 January 2005.