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leases

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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June 4, 2018 at 5:09 am #455874
mehazia
Participant
- Topics: 54
- Replies: 6
Sir,
if there is mid yr acquiring of lease how will the effective interest and the amounts of rents payable change?
Will we be faced with such a scenario in this exam?
June 4, 2018 at 5:24 am #455881
MikeLittle
Keymaster
- Topics: 27
- Replies: 23333
You could be faced with that scenario
Calculate interest for the year using effective rate and then time-apportion that calculated amount
OK?
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