leaseback's proceed excesses the fair value, big confusion

Hi Mr.Christopher,

I came across two different approaches regarding the dealing with the excess amount of the proceeds over the fair value of the leased asset on a finance leaseback.

one approach dealt with it through, I guess, OCE and amortised it over the lease term,
the other one which you thankfully explained is to consider it as a loan and split the rent into a rent expense and a reduction of the loan.

the first one is shown on the website on the standards, the second is yours. and you are for me as credible as the standards themselves.

I thought it is something to do with perhaps the international version and the UK one, I am doing the international one.

appreciate it
Mansoor