ACCA Financial Reporting (FR) Lectures Download ACCA FR notes
Technical Problems
If you can't download lecture notes or have problems with watching lectures please visit the support page>>Donate
If you find OpenTuition study materials useful in your studies, please consider making a donation - it will help us enormously to be able to expand and improve the resources that we offer.
Donate here
Comments
Leave a Reply
You must be logged in to post a comment.
In the case of sales of $11m:
If we amortize $8.72m over 10 years at $1m payment p.a, at the end of 10 years, there is still lease liability of $1.63m, so is it correct? What should we do?
Hi Chris, I got question regard of the amount of the right of use asset.
As I read through other resources. We must add the prepayment figure into right of use amount if the proceeds is below than the fair price. Which is 6,486,257 plus additional of 1M. ( a payment made /before the commencement date)
Dear sir
For the first scenario, proceed less than FV
May I know the impact if I don’t know Dr prepayment but directly DR liability as the second scenario?
Or I can actually do that by Dr the balancing figure in liabilities