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Hi Sir,
I just wanted to know how would be account for the non-lease component?
Does this means when we calculate the PV of minimum lease payment; this has to be calculated net of non-lease component?
Regards
If you lease a car and there is a maintenance contract then the maintenance contract may be a non-lease component. It would be accounted for like any other maintenance contract.
https://home.kpmg/content/dam/kpmg/xx/pdf/2019/08/leases-components-2019.pdf
(page 16)
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