Distinguished - Accurately and comprehensively explains the present rules for evaluating a lease and whether it is capitalized or not.

Proficient - Accurately explains the present rules for evaluating a lease and whether it is capitalized or not. Minor details are missing.

Basic - Minimally explains the present rules for evaluating a lease and whether it is capitalized or not. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain the present rules for evaluating a lease and whether it is capitalized or not; however, significant details are missing and inaccurate.

Non-Performance - The explanation of the present rules for evaluating a lease and whether it is capitalized or not is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately and comprehensively explains the new lease accounting rules.

Proficient - Accurately explains the new lease accounting rules. Minor details are missing.

Basic - Minimally explains the new lease accounting rules. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain the new lease accounting rules; however, significant details are missing and inaccurate.

Non-Performance - The explanation of the new lease accounting rules is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately and comprehensively explains the effect the new rules will have on the balance sheet, income statement, and cash flow statement.

Proficient - Accurately explains the effect the new rules will have on the balance sheet, income statement, and the cash flow statement. Minor details are missing.

Basic - Minimally explains the effect the new rules will have on the balance sheet, income statement, and cash flow statement. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain the effect the new rules will have on the balance sheet, income statement, and cash flow statement; however, significant details are missing and inaccurate.

Non-Performance - The explanation of the effect the new rules will have on the balance sheet, income statement, and cash flow statement is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately and comprehensively explains what industries would be affected more than others.

Proficient - Accurately explains what industries would be affected more than others. Minor details are missing.

Basic - Minimally explains what industries would be affected more than others. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain what industries would be affected more than others; however, significant details are missing and inaccurate.

Non-Performance - The explanation of what industries would be affected more than others is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately and comprehensively explains the proposed new Type A and B lease and the differences.

Proficient – Accurately explains the proposed new Type A and B lease and the differences. Minor details are missing.

Basic - Minimally explains the proposed new Type A and B lease and the differences. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain the proposed new Type A and B lease and the differences; however, significant details are missing and inaccurate.

Non-Performance - The explanation of the proposed new Type A and B lease and the differences is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately and comprehensively explains the effects of the proposed lease standards would have on the various factors.

Proficient - Accurately explains the effects of the proposed lease standards would have on the various factors. Minor details are missing.

Basic - Minimally explains the effects of the proposed lease standards would have on the various factors. Relevant details are missing and/or inaccurate.

Below Expectations - Attempts to explain effects of the proposed lease standards would have on the various factors; however, significant details are missing and inaccurate.

Non-Performance - The explanation of the effects of the proposed lease standards would have various factors is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.

Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors. 

Basic - Exhibits limited knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements. 

Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - The length of the paper is equivalent to the required number of correctly formatted pages. 

Proficient - The length of the paper is nearly equivalent to the required number of correctly formatted pages. 

Basic - The length of the paper is equivalent to at least three quarters of the required number of correctly formatted pages.

Below Expectations - The length of the paper is equivalent to at least one half of the required number of correctly formatted pages.   

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.