Classifying assets as either capital or operating
Problem:
What's the General Principle of Classifying Assets as either Capital or Operating? Also, the exceptions thereto.Cite what section of FASB and GAAP.
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What is the difference in the actual out of pocket cash flows between the two payments? That is, by how much does one payment exceed the other?
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What's the General Principle of Classifying Assets as either Capital or Operating? Also, the exceptions thereto.
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