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| Operating Lease
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| Who needs this:
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| Ideal for Companies who need to acquire an asset but do not want to book the asset and the lease obligation.
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| Features
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| Cancelable within term but subject to reasonable amount of liquidated damages
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| Lessee may extend the lease or return the asset
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| May be full-service for fleet of cars
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| Accounting
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| Both the asset and the liability are not in the books of the lessee
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| The entire monthly rental is charged as expense
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| Benefit
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| Does not bloat balance sheet with non-core assets
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| May enhance financial ratios
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