What is Operating Lease?
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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.
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Random Words:
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happens when you smoke a cigarette outside while the wind keeps changing directions and you keep moving around trying to avoid the smoke..
