{"id":51,"date":"2022-04-25T07:05:59","date_gmt":"2022-04-25T07:05:59","guid":{"rendered":"https:\/\/leaseprosllc.com\/?page_id=51"},"modified":"2022-04-25T07:06:00","modified_gmt":"2022-04-25T07:06:00","slug":"operational-lease","status":"publish","type":"page","link":"https:\/\/leaseprosllc.com\/?page_id=51","title":{"rendered":"Operational Lease"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"mntl-sc-block_2-0\">What Is an Operating Lease?<\/h2>\n\n\n\n<p id=\"mntl-sc-block_2-0-1\">An operating lease is a contract that allows for the use of an&nbsp;<a href=\"https:\/\/www.investopedia.com\/ask\/answers\/12\/what-is-an-asset.asp\">asset<\/a>&nbsp;but does not convey ownership rights of the asset.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block-callout-heading_1-0\">KEY POINTS<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>An operating lease is a contract that permits the use of an asset without transferring the ownership rights of said asset.<\/li><li>GAAP rules govern accounting for operating leases.<\/li><li>A new FASB rule, effective Dec. 15, 2018, requires that all leases 12 months and longer must be recognized on the balance sheet.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Is an Operating Lease? An operating lease is a contract that allows for the use of an&nbsp;asset&nbsp;but does not convey ownership rights of the asset. KEY POINTS An operating lease is a contract that permits the use of an asset without transferring the ownership rights of said asset. GAAP rules govern accounting for operating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-51","page","type-page","status-publish","hentry"],"aioseo_notices":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51"}],"version-history":[{"count":4,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/51\/revisions"}],"predecessor-version":[{"id":70,"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=\/wp\/v2\/pages\/51\/revisions\/70"}],"wp:attachment":[{"href":"https:\/\/leaseprosllc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}