cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

Reply to message

View discussion in a popup

Replying to:
john-pero
Community Champion

Reply to message

Leased equipment is generally an ordinary expense for lease payments. This may or may not include the capital reduction via cash. You can record the loan liabilities against the asset and maybe the 20k as well but by doing so the 20k must be depreciated over time while the regular payments in full afainst the loan value is straight lease expense

View solution in original post

Need to get in touch?

Contact us