Leasing of Machinery to another Sister Concern
This query is : Resolved
08 January 2020
Please advise us on following
We will purchased machinery of A Company Name and giving of lease rent to another sister Concern B Company .
So how this transaction will be accounted in both the units ?
Depreciation will be accounted in A Company ? or B
Lease rent payable to A?
What rate lease rent should be Paid?
We will purchased machinery of A Company Name and giving of lease rent to another sister Concern B Company .
So how this transaction will be accounted in both the units ?
Depreciation will be accounted in A Company ? or B
Lease rent payable to A?
What rate lease rent should be Paid?
26 May 2020
Depreciation will be accounted in A Company ? or B
= Company B will be eligible for depreciation
Lease rent payable to A?
= Yes
What rate lease rent should be Paid?
= As Agreed between them.
= Company B will be eligible for depreciation
Lease rent payable to A?
= Yes
What rate lease rent should be Paid?
= As Agreed between them.
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