Emporia Corporation is a lessee with a capital lease. The asset is recorded at $450,000 and has an economic life of 8 years. The lease term is 5 years. The asset is expected to have a market value of $150,000 at the end of 5 years, and a market value of $50,000 at the end of 8 years. The lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term.
How long does it take to become a U.S. citizen after filing my application for naturalization? Once your application for naturalization is filed, the approval time to become a US citizen varies by person and location. The short answer is that it can take anywhere from 5 to 8 months between application and interview. If you live in an area with heavy immigrant populations, it is not unusual to wait 2 years or more to become a US citizen. The USCIS (US Citizenship and Immigration Services or Immigration Services) claims to be working on reducing the processing time for naturalization to approximately 6 months.
Assuming that you already are a permanent resident and have established residency in the United States for the required amount of time, the actual US citizenship application process can take between six months to year, or even more. To begin the citizenship process, you will need to file USCIS form N-400. Processing of this form can take a little as six months or more than a year. Any mistakes on your form can delay the process considerably, so it is important to fill out the application for citizenship (N-400) as accurately and as fully as possible.