Lease Accounting — Lessor Perspective

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Any of the 5 criteria met → sales-type; else PV test + probable collection → direct financing; else operating
Sales-type = selling profit recognized immediately; direct financing = profit deferred over the term
Operating lease: lessor keeps the asset, straight-line income, continues depreciation
Net investment = PV of lease payments + PV of unguaranteed residual
Sale-leaseback is a sale only if ASC 606 control transfers; otherwise it's a financing (no gain)