Sardinas Sardines has assets valued at £10 million and equity of £10 million.The ﬁrm recently leased new equipment worth £1 million.Present the balance sheet under two conditions; the lease is judged to be an operating lease, and the lease is judged to be a capital lease.

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The Answer of Sardinas Sardines has assets valued at £10 million and equity of £10 million.The ﬁrm recently leased new equipment worth £1 million.Present the balance sheet under two conditions; the lease is judged to be an operating lease, and the lease is judged to be a capital lease.

Sardinas Sardines Has Assets Valued at £10 Million and Equity