Accounting Questions

1.Ex plore the FASB Codification section related to leases (§840). Identify one concept that you did not know prior to completing thisresearch and share it with the class, citing the code section. Identify one question that has arisen as you have explored leases in theCodification, and post this question as well. Your initial post should be at least 250 words2. Find a publicly traded company that has assets under capital lease on its balance sheet. Provide a link to the balance sheet in yourpost, and explain the details of the leasing transactions based on the amounts and disclosures found in the financial statements. Whatpotential benefits do you think the company expected when choosing to lease, rather than buy, these assets?