Menu
As-19
AS-19 if Life of assest is 8year and rental aggrement is 5 year & also Present value of rental amount is more than fair value of assest whether it is financial lease or not?
Replies (4)
Yes this is financial lease.....
Where the lease period covers substantial life of asset and present value of lease rental is equal to or more than fair value of asset, the lease will be Finance lease.
No need to check whether ownership tranfer or not at end of lease period?
advance from debtor in foreign currency is monetary item or not? whether such advance restated in balance sheet date?
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
