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 company/lessee generally pays its own attorneys and accountants, as well as all transaction costs of the lessor/SPE and the lender (including accounting, legal and trustee fees). Synthetic lease documentation for real estate is complex. In addition to standard charges for appraisal, title fees, etc., the company must also indemnify all parties from tax liability, third party claims and environmental claims.