Server equipment Finance lease Sample
IT equipment, leased from Mesa Technology Capital. Commenced Apr 1, 2026, ends Jan 1, 2029.
- Term
- 12 quarters, paid in advance
- Discount rate
- 5.50%
- Liability at commencement
- 91,296.66after the 9,000.00 paid that day; 100,296.66 before it
- ROU at commencement
- 100,296.66
- Amortized over
- 12 quarters
- Transfer of ownershipNot metOwnership of the asset transfers to the lessee by the end of the term.
- Purchase option reasonably certainNot metA purchase option the lessee is reasonably certain to exercise.
- Major part of remaining economic lifeMet, 75.00%Lease term ÷ remaining economic life, compared with the policy threshold.
- Substantially all of fair valueMet, 91.18%Present value of lease payments (including any probable residual value guarantee) ÷ fair value, compared with the policy threshold.
- Specialized assetNot metThe asset has no alternative use to the lessor at the end of the term.
Conclusion: finance lease. Not eligible for the short-term election.
Initial measurement
| Present value of lease payments, including the payment due on the commencement date | 100,296.66 |
| Less: payment made on the commencement date | (9,000.00) |
| Lease liability after the commencement-date payment | 91,296.66 |
| Plus: payment made on the commencement date | 9,000.00 |
| Plus: prepaid rent | – |
| Plus: initial direct costs | – |
| Less: incentives received | – |
| ROU asset | 100,296.66 |