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Rental Equipments

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February 7, 2017 at 5:53 pm #371517
nusamah
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Hi,
I have a challenge determining the cost of sales components for rental property for a financial projection. I have the sales revenue from the rental incomes but how to determine the cost of sales in other to ascertain the gross profit margin is the issue.
I have read through IAS 16 and IAS 40 and none of the IAS seem to address this issue.
Could anyone please help me out?
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