leases

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June 4, 2018 at 5:09 am #455874

mehazia
Participant

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

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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