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Finance Leases

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Finance Leases

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.
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  • February 8, 2016 at 8:36 am #299686
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    The new thread.
    Like for eg. FV of an asset held under finance lease is 25000. Initial deposit 2000 and payments of 6000 at every year end for 5 years
    now here the pv is 24740 as per my calculations which is hopefully correct but still fv seems to have been taken as asset value in the answer scheme.

    February 8, 2016 at 6:34 pm #299727
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23366
    • ☆☆☆☆☆

    I’ve just answered this under the other thread – I agree with your calculation (I get to 24,745) but you’re not expected to recalculate it!

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