medium · Investment Banking

Under ASC 842, how does an Operating Lease affect the Income Statement compared to a Finance (Capital) Lease?

  1. An Operating Lease records a single lease expense, while a Finance Lease records separate interest and depreciation expenses.
  2. Both lease classifications produce identical Interest and Depreciation charges on the income statement under ASC 842.
  3. Finance Leases produce lower total reported expenses during the early years of the lease term compared to Operating Leases.
  4. Operating Leases are excluded entirely from Income Statement recognition under the updated ASC 842 lease standard.

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