Scott Harman

Your Copier Lease and Sarbanes Oxley - What Your Copier Vendor Doesn’t Want You to Know

In the wake of new financial disclosure requirements, operating leases are now expected to be treated as capital leases, if they do not meet this criteria: The lease automatically transfers ownership of the property to the lessee by the end of the lease. The lease contains a bargain purchase option. The lease term equals 75%... (posted by Scott 6 years 30 days ago.)