depreciation under operating lease

[NIKITA PATIL]

who can claim depreciation in operating lease?if after 3 years lessor will sell asset to lessee...

AI Summary

Lessor Claims Depreciation on Asset in Operating Lease Before Selling to Lessee After Three Years In an operating lease, the lessor claims depreciation on the leased asset, as it is recorded as a fixed asset in their books. If the lessor sells the asset to the lessee after three years, the lessor claims depreciation for the initial three-year period before the sale.