Building owned by the client is not occupied by them, it is instead given on lease for a period of 10 years. In such a case, is AS-19 applicable or can the client treat it as investment property under AS-13...
Megha.B ( -) (72 Points)
01 July 2015Building owned by the client is not occupied by them, it is instead given on lease for a period of 10 years. In such a case, is AS-19 applicable or can the client treat it as investment property under AS-13...
VR
( )
(40 Points)
Replied 03 July 2015
AS 13 - Accounting for Investments excludes operating and Finance leases. Hence this would come under AS 19 only.
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