|
Synthetic Lease
Off-balance sheet loan used to finance large capital projects. For tax purposes, the company is treated as owner of the asset and is allowed to claim depreciation. For book purposes, the company is not the owner and accounts for the lease as an off-balance sheet financing; no asset or liability on the balance sheet and expensing of the rental payment on the income statement.
|
Synthetic Lease 
Email This Page
Printer Friendly Version
