Required unless the lease is user-classified operating or capital; found on the Inception tab. If the lease is a building or equipment, enter the fair market value of the leased property. If it is part land and part building, enter the building portion of the fair value here and the fair value of the land separately. See Fair Value for more information on determining the proper fair value. If a lease is partly for real estate (land and/or building) and partly for equipment, the real estate and equipment portions must be accounted for separately under two different leases (FAS 13, ¶27).
If you usually capitalize sales tax charged on purchased assets, then sales tax on a lease should be capitalized (if the lease is capital) by adding it to the equipment’s Fair Value and excluding it from Executory Costs.