Wednesday, August 20, 2008
10:52 PM...............................................................................
As lessee
The Company and certain consolidated subsidiaries lease certain
equipment under noncancelable lease agreements referred to as
capital leases. Capital leases, defined as leases which do not transfer
the ownership of the leased property to the lessee, are principally
accounted for as operating leases.
So all.......leases are considered operating lease? Woot.
The Company and certain consolidated subsidiaries lease certain
equipment under noncancelable lease agreements referred to as
capital leases. Capital leases, defined as leases which do not transfer
the ownership of the leased property to the lessee, are principally
accounted for as operating leases.
So all.......leases are considered operating lease? Woot.
