Please help me to verify this problem about finance lease: 1/1/x1: enter lease agreement deposit: 1.150 ( non refundable) installments: 4.000 pa/7 years in arrears cash price: 20.000 interest rate:11% uselfull life: 4 year
prepare: P&L/ BS answer: PL: – dep: 20.000/4= 50.000 – finance lease: (20.000-1.150)*11%=2.074 BS: – non current liability: 14.786 – current liability: 2.138 –> total liability= 16.924 – assest held under finance lease: (20.000-5.000)=15.000 —> total asset: 15.000 —-> why for this transaction asset not equal liability???
I was wonder about this issue, plz help me to figure it out. Regards,