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finance leases.

DDare11y ago
At what point do you add finance cost or deduct finance cost under finance leases.
MikeLittleMikeLittleTutor11y ago#1
From the lessee's point of view, finance lease interest is added. The sensible time to do it is at the accounting year end and, if different, the day of the installment. The interest accrues evenly over period since the last installment. That would be a better way to think about it
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