Under the new standard (ASC 842, GASB 87, IFRS 16), finance leases don't have rent leveling. Expenses for finance leases are amortization (depreciation) and interest, just like ASC 840 capital leases.
Under the new standard (ASC 842, GASB 87, IFRS 16), finance leases don't have rent leveling. Expenses for finance leases are amortization (depreciation) and interest, just like ASC 840 capital leases.