Buyback scheme

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Accounts officer
52 Points Posted on 06 August 2021
How to account machinery purchased under buyback scheme.
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On 06 August 2021 at 19:43 Report
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This discussion explores the accounting treatment for machinery acquired through a buyback scheme. It questions whether such transactions should be classified as sale and leaseback arrangements. Specifically, it addresses how to account for the purchase when an old piece of equipment is traded in, with its value deducted from the new purchase price.

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Chartered Accountant
24588 Points Posted on 06 August 2021
Whether it is sale and lease back transaction??
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On 06 August 2021 at 20:26
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Accounts officer
52 Points Posted on 07 August 2021
If its purchase under buy buyback
giving back old equipment and purchasing new equipment, deducting some amount for giving old equipment
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On 07 August 2021 at 11:33

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