Depreciation (Lease)
In a lease, depreciation is the estimated loss in value of the vehicle over the lease term, which the lessee effectively pays for. It is calculated as the difference between the vehicle's capitalized cost and its residual value.
In a lease, depreciation is the estimated loss in value of the vehicle over the lease term, which the lessee effectively pays for. It is calculated as the difference between the vehicle's capitalized cost and its residual value.