While only certain leases are currently accounted for as a sale or purchase,there is theoretical justification for considering all leases to be sales or purchases.The principle reason that supports this idea is that:

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A lease can be seen as a transaction involving the transfer of a quantifiable right to use the property for a specified period of time. This right can be measured in terms of the time period and the rent paid. Therefore, leases can be considered as sales or purchases because they involve a transfer of economic benefits and control of the asset for a period of time.

While Only Certain Leases Are Currently Accounted for as a Sale