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.
The lessee, however, must return the asset. Under the statutes of most states (and upheld by courts in at least 30. states), the effect of the non-appropriations language is to make. lease payments operating, rather than capital, expenses. As protection for the investors, most non -appropriations leases.