Lease-accounting legislation could hurt construction industry

Regulatory bodies have proposed changes in how leased equipment is treated on a corporate balance sheet. William Sutton, president and CEO of the Equipment Leasing & Finance Association, says the changes will have significant effects on the construction industry because they “will increase the cost of leasing in the early years of the contract and will not match the periodic rental payments under the lease.”

(http://todaysfacilitymanager.com/2013/06/changes-to-lease-accounting-what-do-facility-managers-need-to-know/)