Leases
Finance leases are capitalized at the commencement of the lease term at the fair value of the leased item or, if lower, at the present value of the
minimum lease payments. Finance charges are allocated to each period so as to achieve a constant rate of interest on the remaining balance of the
liability and are charged directly against income. Capitalized leased assets are depreciated over the shorter of the estimated useful life of the asset or
the lease term