operating lease
an operating lease is a short-term lease of fixed -ssets. after one lesse has returned it, another lesse will quite likely use it. this is recrded in the trading profit and loss account for year ended xxxx as an overhead.
operating leases are short-term, and deal mainly with -ssets that depreciate slowly.
we have an operating lease on this tractor. we have to return or renew in six months.
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