It can be argued that all leases over one year should be capitalized.

Name: It can be argued that all leases over one year should be capitalized.
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Leases over one year are considered to be long-term and significant assets that should be recorded on a company's balance sheet as an obligation, known as a capital lease. This is in compliance with Generally Accepted Accounting Principles (GAAP) and ensures that the true financial position of the company is reflected in its financial statements.

It Can Be Argued That All Leases Over One Year