Treatment of finance lease
This query is : Resolved
26 July 2013
Dear all,
What are the accounting entries in Finance lease, if my Present value of minimum lease payment is higher than Fair value of Asset.
Regards
What are the accounting entries in Finance lease, if my Present value of minimum lease payment is higher than Fair value of Asset.
Regards
26 July 2013
We consider lower of the two for entry. i.e. Fair value of asset or preent value of minimum lease payments
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