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第五章 資本的取得Capital Acquisition & Control

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equity (自有資產 )

nonequity (非自有資產 )(資本 )Capital

Methods of acquiring control of capital assets:

1. savings

2. gifts & inheritances

3. pooling equity capital

4. leasing

5. contract production

6. borrowing

eg:Macdonal’sWendys’Hardies’Kentucky Fried Chicken“franchise”

partnerships

incorporation

corporate securities

limited partnerships

general partnership

market specification contract

production-management contract

resource-providing contract

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․ Purchase, Borrowing v.s. Lease (example, P.114~116, Tables 5.2, 5.3 & 5.4)

leasing : lessor lessee

Capital

→

←

rent

cach purchase – depreciation is tax reductable borrowing – interest & depreciation are tax reductable leasing – rent is tax reductable

cashcrop-sharelivestock-sharestanding lease

operating lease:custom hiring – operator, operating exp.full-service – all repair & maintenance costsfinancial lease – lessor provides $ only lessee is responsible for all costs

real estate

machinery

livestocks

$amount of rent: share rentproduct amount of rent is fixed

leasing

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