CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

An asset classified as an operating lease should be depreciated by the lessee over the period of time the lessee expects to use the asset. True or False?
Correct Answer: False

User Contributed Comments 4

User Comment
synner should be depreciated by the lessor over the period of time the lessee expects to use the asset.
Piersy An asset classified as a capital lease should be depreciated by the lesse over the life of the asset using the straight line method.
tanyak An asset under an operating lease is not depreciated.
cong Depreciation is ruled out since there is no asset recorded under OL.
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