A lease has big impacts on the balance sheet,not the income statement.

Name: A lease has big impacts on the balance sheet,not the income statement.
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Leasing affects both the balance sheet and the income statement. On the balance sheet, it adds both an asset and a liability (for finance leases). On the income statement, it impacts through depreciation and interest expenses (for finance leases) or through lease expense (for operating leases).

A Lease Has Big Impacts on the Balance Sheet,not the Income