leases

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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June 4, 2018 at 5:09 am #455874
mehazia
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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
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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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