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