The same as Example 1, except that the service station is owned, not leased. Set up the “lease” record as ARO only: Enter a lease number, descriptive information as desired, and set the Classification to ARO Only. Don’t enter rent information, or anything on the Inception tab. You don’t need to set the begin & end dates for the lease record. Instead, on the ARO tab, enter the ARO begin date as July 15, 2013, and the useful life as 480 months. EZLease calculates the ARO end date as July 14, 2053.
Complete ARO entry and click Save ARO. The Net ARO is 3,000.08.