Finance lease
garima pandey (audit manager) (21 Points)
22 December 2016
As per Ind AS, how to account for finance lease, where only one time payment is made i.e. at start of lease period?
garima pandey (audit manager) (21 Points)
22 December 2016
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 30 December 2016
In case of finance lease with upfront payment, asset will be recognised at full value as PV of MLP will remain same and there will be no finance charges also. Further, it will be depreciated over the life.
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