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.
Adjusted Capitalized Cost. This is the bottom line that determines the overall lease payment. It is product of deducting the capitalized cost reduction from the gross capitalized cost. For example, if the vehicle starts with a negotiated price, including all applicable taxes and fees, of $20,000, and the purchaser provides a $2,000 down payment. There is also a $3,000 manufacturer rebate. The Adjusted Capitalized Cost is now $15,000.