Chapter 12 ( sale and lease back – Fair Value example)

This topic has 1 reply, 2 voices, and was last updated 2 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
October 21, 2023 at 9:34 pm #693793
Sharith
Participant
- Topics: 16
- Replies: 13
Many thanks for your time and effort. However, I realised that you depreciated the right-of-use asset under the normal lease question, but under sales and lease back the right-of-use asset wasn’t depreciated, neither did I hear you mention that.
Could I please ask why it is so?

Thank you.
October 23, 2023 at 2:24 pm #693888
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

If we no longer have the asset in our books then it will not be depreciated. If it is in our books then it is depreciated.

Thanks
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.