U.S.GAAP and IFRS provide for two methods of accounting for long-term leases: the operating lease method and the capital or finance lease method.

Name: U.S.GAAP and IFRS provide for two methods of accounting for long-term leases: the operating lease method and the capital or finance lease method.
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This statement is true. U.S. GAAP and IFRS provide for two methods of accounting for long-term leases: the operating lease method and the capital or finance lease method.

USGAAP and IFRS Provide for Two Methods of Accounting for Long-Term