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Ask the Tutor ACCA SBR

Investment property

Eemmu12y ago
On page 185 of notes following statment is written: A lessee under an operating lease may treat leased property as ip but must then also treat the lease as a finance lease and must adopt the fair value model... Does this mean that a finance lessee would have to hold the asset under fair value??
MikeLittleMikeLittleTutor12y ago#1
Yes
Eemmu12y ago#2
Thanks
MikeLittleMikeLittleTutor12y ago#3
You're welcome
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