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.
How long does it take to get a Passport? Many travelers wonder, âHow long does it take to get a passportâ? Once you apply for a passport, you should expect to receive the passport in the mail within 6 weeks.o get a passport, you will need a document proving U.S. citizenship (birth certificate, expired passport, certificate of citizenship or naturalization certificate). If you have none of these documents, you will need to provide a Letter of no Record to show that there is no official record for your birth.