Lease or buy?: principles for sound decision making
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Boston, Mass.
Harvard Business School Press
1994
|
| Schriftenreihe: | Financial Management Association survey and synthesis series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XI, 215 S. graph. Darst. |
| ISBN: | 0875845584 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Preface ix
Chapter 1: Why Lease? 1
Reasons for Leasing 3
Summary 15
Chapter 2: Lessors and Lease Contracts 17
Types of Lessors 17
Types of Leases 18
Types of Assets 23
Determination of Lease Payments 24
The Struture of Lease Contracts 30
Summary 37
Chapter 3: Tax Rules for Leasing 39
IRS True Leases 40
Other Tax Effects for Leasing 47
Alternative Minimum Tax 53
Motor Vehicle Leasing 54
Real Estate Leasing 55
Tax Advantages in International Leases 56
A Tax Law History: Safe Harbor Leasing 60
Summary 62
Chapter 4: Accounting for Leases 65
Definition of Capital and Operating Leases 66
Accounting for Capital Leases 67
Special Accounting Issues 75
Summary 91
Chapter 5: The Concept of the Equivalent Loan 93
The Equivalent Loan 93
Debt and Leases as Substitutes 99
Are Debt and Leases Substitutes? 100
Empirical Evidence 109
Summary 111
vii
viii Lease or Buy?
Chapter 6: Net Present Value Analysis 113
General NPV Analysis 113
Competitive Equilibrium in Leasing Markets 117
The Myers, Dill, and Bautista Model 119
Examples of Simple Lease Versus Purchase Analysis 120
Operating Costs and Salvage Value 125
The Differences Between Before Tax and After Tax Discount
Rates 129
Alternative Minimum Tax 130
Summary 134
Chapter 7: Yields on Leasing Contracts 135
How to Calculate Yields 135
Examples of Yields 137
What Determines Yields on Financial Leasing Contracts? 140
Empirical Analysis of Lease Yields 145
Lease Comparison with High Yield Bonds 150
Summary 151
Chapter 8: Residual Value Analysis: The Wild Card 153
Residual Value Risk 154
The Portfolio Concept 157
Beta s Application to Residual Value 158
Residual Value Experience 163
Specialization or Diversification? 168
Options in Leases 168
Summary 176
Chapter 9: Summary: Lease or Buy 179
Use Net Present Value (Net Advantage to Leasing) Analysis 179
Do Not Ignore the Residual Value of the Equipment 180
Consider All Tax Consequences of the Lease 180
Follow the Accounting Rules for Leases 180
Consider All the Options in the Lease 181
A Complex Example 181
Summary 186
Appendix: Present Value Mathematics 187
References 195
Index 209
|
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| illustrated | Illustrated |
| indexdate | 2024-07-09T17:52:03Z |
| institution | BVB |
| isbn | 0875845584 |
| language | English |
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| spelling | Schallheim, James S. Verfasser aut Lease or buy? principles for sound decision making James S. Schallheim Boston, Mass. Harvard Business School Press 1994 XI, 215 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Financial Management Association survey and synthesis series Leasing gtt Industrial equipment leases Industrial equipment leases Accounting Lease or buy decisions Lease or buy decisions Accounting Anlageinvestition (DE-588)4120897-3 gnd rswk-swf Kauf (DE-588)4128692-3 gnd rswk-swf Leasing (DE-588)4034823-4 gnd rswk-swf Entscheidungsfindung (DE-588)4113446-1 gnd rswk-swf Anlageinvestition (DE-588)4120897-3 s Leasing (DE-588)4034823-4 s Kauf (DE-588)4128692-3 s Entscheidungsfindung (DE-588)4113446-1 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006933668&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Schallheim, James S. Lease or buy? principles for sound decision making Leasing gtt Industrial equipment leases Industrial equipment leases Accounting Lease or buy decisions Lease or buy decisions Accounting Anlageinvestition (DE-588)4120897-3 gnd Kauf (DE-588)4128692-3 gnd Leasing (DE-588)4034823-4 gnd Entscheidungsfindung (DE-588)4113446-1 gnd |
| subject_GND | (DE-588)4120897-3 (DE-588)4128692-3 (DE-588)4034823-4 (DE-588)4113446-1 |
| title | Lease or buy? principles for sound decision making |
| title_auth | Lease or buy? principles for sound decision making |
| title_exact_search | Lease or buy? principles for sound decision making |
| title_full | Lease or buy? principles for sound decision making James S. Schallheim |
| title_fullStr | Lease or buy? principles for sound decision making James S. Schallheim |
| title_full_unstemmed | Lease or buy? principles for sound decision making James S. Schallheim |
| title_short | Lease or buy? |
| title_sort | lease or buy principles for sound decision making |
| title_sub | principles for sound decision making |
| topic | Leasing gtt Industrial equipment leases Industrial equipment leases Accounting Lease or buy decisions Lease or buy decisions Accounting Anlageinvestition (DE-588)4120897-3 gnd Kauf (DE-588)4128692-3 gnd Leasing (DE-588)4034823-4 gnd Entscheidungsfindung (DE-588)4113446-1 gnd |
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