Benefits of Financing Remain With Lease Accounting Changes

Benefits of Financing Remain With Lease Accounting Changes

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The approval of the new lease accounting standard by the Financial Accounting Standards Board (FASB) after many years of anticipating its revision means construction companies can now move forward and prepare to adopt it. The new standard will not impact the ability of companies to acquire productive equipment to grow their businesses or to enjoy the benefits of financing. There are many reasons to lease equipment, and the primary reasons will remain intact under the new rules, from maintaining cash flow, to preserving capital, to obtaining flexible financial solutions, to avoiding obsolescence.

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