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AS-19 Leases

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2010 In case of Operating Lease, Lessor is required to provide for depreciation or not??as it is used by lessee bt shown as Asset in d books of Lessor at cost or wdv??
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CA Chitresh Gupta

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CA Chitresh Gupta (Expert)
06 July 2010 tOTAL LEASE RENTALS ARE TO BE BIFURECATED BETWEEN FINANCE INCOME AND COST OF ASSET AS PER AS-19.
DEPERECIATION IS TO BE CHARGED ON THE COST OF THE ASSETS BY LESSOR.

REGARDS

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