Should accounting rules be changed to reflect capitalize

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one of the advantages of leasing voiced in the past is that it kept its liabilities off the balance sheet, thus making it possible for a firm to obtain more leverage than it otherwise could have. this raised the question of whether or not both the lease obligation and the asset involved should be capitalized and shown on the balance sheet.

what is your opinin on this? should accounting rules be changed to reflect the capitalized of leases (operating or financial/capital)?

Reference no: EM13327070

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