[zemsk]

yes, thanks a lot 😀

[zemsk]

yes, thanks! clear)

[zemsk]

so sad, to have a total mess in a head((

[zemsk]

i am confused by the fact:
1) in one example (probably not good):
we have FV of an asset, % rate, and annual payment
then they discount all annual payments and compare with FV

2) in your lecture :
you don’t discount
we calculate min lease payments (number*lease payments+deposit)
and we compare this sum with FV

i hope i make myself clear

[zemsk]

thanks for your help very much!!
i didn’t get the sense of Q2 due to poor reading, now everything is clear

[zemsk]

if there are any pitfalls if we make this entry to write-off the doubtful debt :
DR Allowance
CR Receivables

why it is not better than:
DR Irrecoverable debts
CR Receivables

because our amount of irrecoverable debts will be distort in the st. of P or L?

[zemsk]

thank you so much,
yes, will bear in mind 😉

[Author]

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