Lease-accounting legislation could adversely affect industry

06/21/2013 | TodaysFacilityManager.com

Regulatory bodies have proposed changes in how leased equipment is treated on a corporate balance sheet. William Sutton, president and CEO of the Equipment Leasing & Finance Association, outlines what the changes are and asserts the changes will have significant effect on the construction industry because they "will increase the cost of leasing in the early years of the contract and will not match the periodic rental payments under the lease."

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