[quote=dumbrenter]
Would it be correct to say that the debt service payments will be a short-term liability (i.e. in current portion of liability) while the same debt used productively will be having a positive effect on the revenue portion of the income statement?[/quote]
Let me think.
A school district is doing 30 year bonds to finance long and short term issues, including technology spending on neat-o stuff like iPads. Those iPads are being planned to be in service with the students for 5 years.
The debt, or at least, portion of the debt will be being paid for 30 years.
The iPads will be planned for use for 5 years. If they are still in use after 5 years, how useful will they be?
