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LEASE AT FAIR VALUE

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › LEASE AT FAIR VALUE

Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 2, 2022 at 9:44 pm #664979
    tanishaladha
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    usually lease liability are calculated by discounting the payments made in future but in fr mock question no 30 the lease liability are calculated on fair why so?

    September 4, 2022 at 10:12 am #665105
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7136
    • ☆☆☆☆☆

    Hi,

    The fair value will be equal to the present value of the lease payments, hence why it has been used.

    Thanks

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