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auntmatilda
 Post subject: Accounting for leasing
PostPosted: Sat May 09, 2009 10:31 am 
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Joined: Sat May 09, 2009 10:23 am
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When a lessee has a BPO, are they required to exercise it?
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dp1903
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PostPosted: Wed May 20, 2009 2:25 am 
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Location: Wichita Falls, Texas
Depends on how the contract is worded, but by definition a bargain purchase option is to insure it is exercised. Example: a company I worked for several years ago leased a Dell server and color laser printer. I believe the BPO was $1. It would make no sense not to excercise the option. If they didn't they'd be out several thousand more for a different server and printer.
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stevewalter
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PostPosted: Wed Jul 01, 2009 11:38 am 
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dp1903 wrote:
Depends on how the contract is worded, but by definition a bargain purchase option is to insure it is exercised. Example: a company I worked for several years ago leased a Dell server and color laser printer. I believe the BPO was $1. It would make no sense not to excercise the option. If they didn't they'd be out several thousand more for a different server and printer.


Thnaks for sharing can you explain briefly...

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jamesparker
 Post subject: Re: Accounting for leasing
PostPosted: Mon Nov 02, 2009 3:23 am 
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Posts: 36
HI

I think it depends on the contract on worded but a bargain purchase issuer is exercise.

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