Equipment Lease: Automatic Classification of Lease in Operating Lease or Finance Lease.
(Doc ID 2469692.1)
Last updated on FEBRUARY 14, 2019
Applies to:Oracle Property Manager - Version 12.2.4 and later
Information in this document applies to any platform.
In the Entry/Maintenance Screen
In the API’s to support mass load and mass maintenance
Make additional Fields available to support the classification like:-
Legal Title Transfer (Yes/No)
Bargain Purchase Option (Yes/No)
Registration of Economic Life of asset
Is the Lease Equipment in the last 25% of it’s economic life (Yes/No)
Does the lease Term Equals or exceeds the 75% of ‘s economic life (Yes/No) ) Preferable Derived
Does the Present value of the lease payments equals or exceeds 90% of the fair value of the equipment (Yes/No) Preferable Derived
No alternative or Specialize use of the asset to the lessor at the end of the lease term (Yes/No)
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