[marcuskhoo]

I’m not sure if i did the right thing
For lease, i managed to identify that it is incorrect to depreciate over 6 years instead of 7 years .

For inventory, since the inventory could be returned to the supplier, hence the entity does not retain the ownership until it is paid for. I indentified it as a consignment arrangwment where it will be inappropriate to recognise it as our own inventory(like hypermarkets) can anyone tell me if im right?

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