(Answered) Lets use this thread to discuss the direct-financing method

Accounting

Let's use this thread to discuss the direct-financing method that a lessor can use to account for leases. Under this method, what is recorded on the balance sheet? What items are included in the minimum lease payments? And what are the journal entries that are normally recorded under this lease method (i.e. at the start of the lease, when the payments are made, etc)? And how does this method compare to the sales-type lease method?

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