As Chief Engineer of Sydney Harbour Bridge and Metropolitan Railway Construction from 1912, Dr Bradfield is regarded as the father of the Bridge as it was his vision, enthusiasm, engineering expertise and detailed supervision of all aspects of its construction which brought Sydney's long held dream into reality.
What is a 'Capital Lease'. A capital lease is a contract entitling a renter to a temporary use of an asset, and such a lease has economic characteristics of asset ownership for accounting purposes. The capital lease requires a renter to add assets and liabilities associated with the lease if the rental contract meets specific requirements.
A capital lease treats leased assets as if they're owned. Comstock/Comstock/Getty Images. When your business leases equipment rather than buying it, there are two ways you could handle the lease in your accounting. Depending on the terms of the lease, you could treat it as an operating lease or a capital lease. capitalized lease increases the total value of the assets on your balance sheet. That affects a number of ratios that creditors, potential investors and others use to evaluate your company's profitability and efficiency.