Finance lease IFRS 16

This topic has 2 replies, 2 voices, and was last updated 8 years ago by rihaam.

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May 29, 2018 at 1:53 pm #454637
rihaam
Member
- Topics: 53
- Replies: 37
Hi,

Is a finace leased asset derecognised by the lessor?

Would the entry be
Dr. Lease receivable
Cr Asset leased

Thanks
May 30, 2018 at 11:35 am #454862
P2-D2
Keymaster
- Topics: 4
- Replies: 7235
Hi,

Yes, and any difference is taken to profit or loss.

Thanks
May 30, 2018 at 12:17 pm #454868
rihaam
Member
- Topics: 53
- Replies: 37
Thanks a lot.
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