Maybe I misunderstood.you stated that " it may also be possible that the lease is capital under both sets of rules but the capitalized amount may be different."...
Thanks @Mike9241For example, it's possible that capitalized amount can be recalculated using the Fed's nominal interest rates as followsNominal Discount Rates. ...
Thanks @Anonymous_After much reading, it seems that the cost of the asset (cost basis) is the smaller of the fair market value of the asset OR the present value...
Thanks for the information everyone.Mike,For a lease, would a guaranteed residual value be consider part of the cost basis?On the other hand, it seems if the le...
