leases

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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September 11, 2015 at 5:53 pm #271350
syed ali
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gains or losses from fluctuations in the fair value of the residual fall to the lessee (for example, by means of a rebate of lease payments)
mike this means that if fair value of leased asset increase this will be gain for lessee and his lease payment in results decreases is i am correct mike and mike if fair value decreases then what happened
September 11, 2015 at 6:16 pm #271360
MikeLittle
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Neither! The lease is a contract with defined terms. Time period, amounts to be paid, dates when payable, guaranteed residual amount …. it’s all written into the contract.

If fair value changes …. so what?
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