CREL » Topics » Leases

These excerpts taken from the CREL 10-K filed Feb 9, 2009.
Leases
 
Leases are classified as capital or operating depending on the terms and conditions of the contracts. The costs of assets acquired under capital leases are amortized on a straight-line basis over their estimated useful lives. Obligations recorded under capital leases are reduced by lease payments net of imputed interest.
 
Cash flows from lease termination penalties are discounted to their present value, and fully expensed at the inception of the penalty.
 
Leases
 
Leases are classified as capital or operating depending on the terms and conditions of the contracts. The costs of assets acquired under capital leases are amortized on a straight-line basis over their estimated useful lives. Obligations recorded under capital leases are reduced by lease payments net of imputed interest.
 
Cash flows from lease termination penalties are discounted to their present value, and fully expensed at the inception of the penalty.
 
Leases


 



Leases are classified as capital or operating depending on the
terms and conditions of the contracts. The costs of assets
acquired under capital leases are amortized on a straight-line
basis over their estimated useful lives. Obligations recorded
under capital leases are reduced by lease payments net of
imputed interest.


 



Cash flows from lease termination penalties are discounted to
their present value, and fully expensed at the inception of the
penalty.


 




Leases


 



Leases are classified as capital or operating depending on the
terms and conditions of the contracts. The costs of assets
acquired under capital leases are amortized on a straight-line
basis over their estimated useful lives. Obligations recorded
under capital leases are reduced by lease payments net of
imputed interest.


 



Cash flows from lease termination penalties are discounted to
their present value, and fully expensed at the inception of the
penalty.


 




These excerpts taken from the CREL 10-K filed Feb 8, 2008.
Leases
 
Leases are classified as capital or operating depending on the terms and conditions of the contracts. The costs of assets acquired under capital leases are amortized on a straight-line basis over their estimated useful lives. Obligations recorded under capital leases are reduced by lease payments net of imputed interest.
 
Leases


 



Leases are classified as capital or operating depending on the
terms and conditions of the contracts. The costs of assets
acquired under capital leases are amortized on a straight-line
basis over their estimated useful lives. Obligations recorded
under capital leases are reduced by lease payments net of
imputed interest.


 




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