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Ken Garrett.
Ken Garrett.Viewing 4 posts - 1 through 4 (of 4 total)
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richardscully
- Topics: 197
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Hello
Why is amortization on the lease charged when there is an add back for lease expenses
Ken Garrett
- Topics: 10
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All leases,should be treated as finance leases. So, expenses relating operating leases are added back and replaced by amortization of the capitalised lease is charged instead.
richardscully
- Topics: 197
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Right….so add back the expense ad deduct the amortisation
Ken Garrett
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Yes, to ‘convert’ the operating lease to a finance lease.
Ken GarrettViewing 4 posts - 1 through 4 (of 4 total)
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