As a general rule,leased assets should be included as part of the calculation of "investment" since they represent assets used:

Question

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Leased assets should be included as part of the calculation of "investment" since they represent assets used to generate operating income. Leased assets are usually acquired for the purpose of generating revenue, and therefore, they should be considered as an investment in the business. They are not used as collateral to borrow funds or to offset current operating expenses. Though leased assets may have an impact on taxes, it is not the primary reason for including them in the calculation of "investment." Lastly, leased assets do not have a direct impact on the estimation of earnings per share.

As a General Rule,leased Assets Should Be Included as Part