This avoids the need to invest capital in equipment. Ownership rests in the hands of the financial institution or leasing company, while the business has the actual use of it. Another way to keep ...
Per UA System Board Rule 415, Section C (5.)(d.), Equipment purchases or leases included in Capital Construction Projects which have Board approval shall not require separate Board action. Also, ...
Capital equipment (including furniture and furnishings) is defined as an article of nonexpendable, tangible (moveable) personal property with a useful life of more that one year and an acquisition ...
The two most common types of equipment leases are capital leases and operating leases. Capital leases are for long-term access to a major piece of equipment, and you will be responsible for ...