Presented below are three different aircraft lease transactions that occurred for Canada Airways in 2021. All the leases start on January 1, 2021. In no case does Canada receive title to the aircraft during or at the end of the lease period. Canada Airways is a public company. Instructions
Which of the above leases are operating leases and which are finance leases? Explain your answer.

Question

Presented below are three different aircraft lease transactions that occurred for Canada Airways in 2021. All the leases start on January 1, 2021. In no case does Canada receive title to the aircraft during or at the end of the lease period. Canada Airways is a public company.  Instructions
Which of the above leases are operating leases and which are finance leases? Explain your answer.

Quizplus · Accepted Answer

The Answer of Presented below are three different aircraft lease transactions that occurred for Canada Airways in 2021. All the leases start on January 1, 2021. In no case does Canada receive title to the aircraft during or at the end of the lease period. Canada Airways is a public company.  Instructions
Which of the above leases are operating leases and which are finance leases? Explain your answer.

Presented Below Are Three Different Aircraft Lease Transactions That Occurred