Accounting for lease
This query is : Resolved
27 March 2012
Sir
What is Guranteed Residual Value IN AS 19
What is the Reason for fixing GRV ?
What is Guranteed Residual Value IN AS 19
What is the Reason for fixing GRV ?
27 March 2012
(a) in the case of the lessee, that part of the residual value
which is guaranteed by the lessee or by a party on behalf
of the lessee (the amount of the guarantee being the
maximum amount that could, in any event, become
payable); and
(b) in the case of the lessor, that part of the residual value
which is guaranteed by or on behalf of the lessee, or by an
independent third party who is financially capable of
discharging the obligations under the guarantee.
which is guaranteed by the lessee or by a party on behalf
of the lessee (the amount of the guarantee being the
maximum amount that could, in any event, become
payable); and
(b) in the case of the lessor, that part of the residual value
which is guaranteed by or on behalf of the lessee, or by an
independent third party who is financially capable of
discharging the obligations under the guarantee.
Message likes :
1 times
27 March 2012
sir
why (lessee) want to guarantee the part of residual value(i mean logic)?
why (lessee) want to guarantee the part of residual value(i mean logic)?
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