33
3. Residual
value
retained:
In
many
lease
agreements,
title
to
the
leased
property
never
passes
to
the
lessee. The
lessor may
lease
the
asset
to
another lessee or sell the property and realize an immediate gain.
2.2.4
Kriteria Klasifikasi Lease
Menurut
D.Stice,
K.Stice,
Skousen
(p898,
2007) “The
objective
of
the
FASB in issuing Statement no.13 was to reflect the economic reality of leasing by
requiring that some long-term leases be accounted for as capital acquisitions by
the lessee and sales by the lessor.
To
accomplish
this
objective,
the
FASB
identified
criteria to
determine
wheter a lease is merely a rental contract (an operating lease) or is, in
substance, a purchase of property (a capital lease).
2.2.4.1 General Classification Criteria Lessee-Lessor
The Four General criteria :
1. The Transfer of ownership criterion is met if the lease agreement includes
a
clause
that
transfers
full
ownership
of
the
property
to
the
lessee
by
the
end of the lease term, of all the classification criteria, transfer of ownership
is the most objective and therefore the easiest to apply.
2. The
bargain
purchase
option
criterion
is
met
if
the
lease
makes it
reasonably
assured
that
the
property
will
be
purchased
by
the
lessee
at
some future date. This criterion is more difficult to apply because the future
fair market value of the leased property must be estimated at the inception
of
the
lease
and
compared
with
the
purchased option price to determine
whether a bargain purchased is indeed indicated.
3. The third criterion relates to the economic life of the asset. This criterion is
met
if the
lease
term
is
equal
to
75 %
or
more
of the
estimated
economic
life
of
the
leased
property.
As
defined
earlier, the
lease
term
includes
renewal periods if renewal seems assured. This criterion does not apply to
land leases because land has an unlimited life.
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