Fleets that lease their trucks should start preparing now for new lease accounting rules that begin taking effect for public companies at the end of next year, accounting professionals and industry experts said.
Private fleets and for-hire carriers are now taking a closer look at how the buy or lease decision can impact their company’s balance sheet, “and how certain equipment lease structures impact their overall financial performance,” added Brian Holland, chief financial officer and president of Fleet Advantage, an asset management and financial services consulting firm.
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