When a leased asset is returned at the end of the lease term and the...
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Accounting
When a leased asset is returned at the end of the lease term and the actual residual value is less than the initial estimated residual value, difference between estimate and actual. for the the lessee records a loss the lessee records a gain the lessor records a loss the lessor records a gain 
When a leased asset is returned at the end of the lease term and the actual residual value is less than the initial estimated residual value,
difference between estimate and actual.
for the
the lessee records a loss
the lessee records a gain
the lessor records a loss
the lessor records a gain
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