As 19 (leases) - urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2011
Hello
If a lease is classified as operating Expenses, then What is the treatment of Initial Direct cost such as stamp duty, Brokerage etc...??
are they expensed off in the First year itself or is deferred till the lease term.
Plz give ur opinion with reference to AS 19.
If a lease is classified as operating Expenses, then What is the treatment of Initial Direct cost such as stamp duty, Brokerage etc...??
are they expensed off in the First year itself or is deferred till the lease term.
Plz give ur opinion with reference to AS 19.
CA. Vikash Dwivedi
(Expert)
05 August 2011
As per AS-19
In the books of lessor:
Initial direct cost of lease may be expensed out immediately OR deferred as per lease term.
In the books of lessor:
Initial direct cost of lease may be expensed out immediately OR deferred as per lease term.
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