by boris
in Bookkeeping
Capitalized Lease Method: Definition and Example of How It Works
When tax season comes around, under current IRS rules, you can deduct the interest expense, but these deductions are typically lower than the rental expenses of an operating lease. While the differences between operating leases vs. capital leases aren’t as significant under ASC 842, understanding each is still important to your decision-making process. Therefore, increasing […]
