What is Operating Lease?
1.
An operating lease is a short-term lease of fixed assets. After one lesse has returned it, another lesse will quite likely use it. This is recrded in the Trading Profit and loss account for year ended XxXx as an overhead.
Operating leases are short-term, and deal mainly with assets that depreciate slowly.
We have an operating lease on this tractor. We have to return or renew in six months.
See
Random Words:
1.
A person with a noticeable speech impediment; someone whose lips have a pronounced shape, meaning they sound as if they are talking thro..
1.
To obtain and marry a partner before he/she realises he/she is too good for you.
Nick Lachay fairweathered Jessica Simpson before she r..
