IFRS 16 Sale and leaseback

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August 15, 2018 at 7:02 pm #468029
faisal77
Member
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the example question in the notes of chapter 19 leases, example 8 (sale and leaseback). the question is confusing as in part ii it says to account for sale proceeds of 10mn but the answer at the back accounts for 11mn in proceeds.

can you please explain? or is it me missing something in the question?. please help
August 17, 2018 at 3:47 pm #468246
P2-D2
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Hi,

Thanks for spotting this, the requirement for pat (ii) should read $11 million.

I’ll get it updated.

Thanks
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