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  2. Minimum lease payments - Wikipedia

    en.wikipedia.org/wiki/Minimum_lease_payments

    Minimum lease payments are rental payments over the lease term including the amount of any bargain purchase option, premium, and any guaranteed residual value and excluding any rental relating to costs to be met by the lessor and any contingent rentals. Leased asset is depreciated in books of lessee over its useful life if lessee intends to ...

  3. How To Complete A Lease Buyout On A Kia Vehicle - AOL

    www.aol.com/complete-lease-buyout-kia-vehicle...

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  4. Accounting for leases in the United States - Wikipedia

    en.wikipedia.org/wiki/Accounting_for_leases_in...

    Under an operating lease, the lessee records rent expense over the lease term, and a credit to either cash or rent payable. If an operating lease has scheduled changes in rent, normally the rent must be expensed on a straight-line basis over its life, with a deferred liability or asset reported on the balance sheet for the difference between ...

  5. Insolvency - Wikipedia

    en.wikipedia.org/wiki/Insolvency

    It has been suggested that the speaker or writer should either say technical insolvency or actual insolvency in order to always be clear – where technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ...

  6. 'We're 2 months from going bankrupt': This California couple ...

    www.aol.com/finance/2-months-going-bankrupt...

    On the income side, Alex and Courtney make $4,000 and $5,000 a month, respectively. However, their rent in Orange County, Calif., which is $4,100 a month, swallows up one of those incomes completely.

  7. Bankruptcy Abuse Prevention and Consumer Protection Act

    en.wikipedia.org/wiki/Bankruptcy_Abuse...

    A "presumption of abuse" will arise if: (1) the debtor has at least $182.50 in current monthly income available after the allowed deductions (this equals $10,950 over five years) regardless of the amount of debt, or (2) the debtor has at least $109.59 of such income ($6,575 over five years) and this sum would be enough to pay general unsecured ...

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