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.
Here are some terms you should be familiar with in order to calculate the lease: 1  Capitalized Cost - The cost of the vehicle after subtracting any down payment or trade-in allowance. 2  Residual - The amount the vehicle is worth at the end of the lease. 3  Depreciation - The amount the vehicle has lost in value during the lease.