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Sale and lease back

Former userFormer user6y ago

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P2-D2P2-D2Tutor6y ago#1
It is a sale and leaseback where we still have control and so continue to recognise the asset. If it is being used for 5 years whereby the value is nil at the end then effectively it is our asset and so should remain in the SFP and the proceeds therefore treated as a loan. Thanks
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