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.
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It is when you take some item that someone else uses or touches and place it against part of your own body. A great example of this is t..
