2018 Sep, Q2, sale of NewallForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › 2018 Sep, Q2, sale of NewallThis topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 15, 2020 at 11:12 pm #595140 amysnowyParticipantTopics: 72Replies: 25☆☆Dear tutorhow should I understand “leased assets deemed surplus to requirement should be written off with the corresponding lease liability”?$6 m is the penalty, should it add to lease liability as it’s part of expenses? writing off means two opposite transactionsMany thanks November 17, 2020 at 9:39 am #595276 Stephen WidbergKeymasterTopics: 16Replies: 3441☆☆☆☆☆AssetDr P&L Cr AssetLiabilityDr Liability Cr P&LPenaltyDr P&L Cr CashAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In