- This topic has 1 reply, 2 voices, and was last updated 8 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Operating lease’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Operating lease
Hi sir. Let’s say we are a company who have a property that we do not use for ourselves, but we lease it to others on a operating lease. And we account for all investment properties, using the fair value model.
Since its a operating lease, the asset will still be ours and therefore we can recognise it as a investment property in our financial statements right sir?
Therefore, we will not depreciate the asset but will conduct a fv exercise at each year end.. any gains or losses on revaluation will go to the statement of profit or loss right sir ?
Correct and correct, yes