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.
At the date of inception of the lease, a lessee shall measure: (a) the liability to make lease payments at the present value of the lease payments (see paragraphs xxâxx), discounted using the lesseeâs incremental borrowing rate or, if it can be readily determined, the rate the lessor charges the lessee.