12-16-2010, 09:13 PM
Hi all,
We are planning to implement Capital Leases for Fixed Assets.
I have below queries for this...
1. Once I setup the Lease Details and Lease Payments, will there be any impact on Asset Books until I associate to an Asset?
2. After I associate the lease to an asset, will there be an impact on Tax books? If there is an impact, how to differentiate them?
Can anyone please help me in this?
We are planning to implement Capital Leases for Fixed Assets.
I have below queries for this...
1. Once I setup the Lease Details and Lease Payments, will there be any impact on Asset Books until I associate to an Asset?
2. After I associate the lease to an asset, will there be an impact on Tax books? If there is an impact, how to differentiate them?
Can anyone please help me in this?