I didn't understand this concept of sale n leaseback...how to identify if the transfer is the sale or not...
When the say that if the transfer is sale it should meet the Ifrs 15 revenue s criteria...what does it mean....am confused ...plz brief on it
Ask the Tutor ACCA SBR
Sale and leaseback
5y ago#1Crystal Palace own football stadium with life of 40 years.
A. Sell and lease back for 10 years - this is a genuine sale and leaseback, so all the (complicated) rules apply.
B. Sell and lease back for 40 years - this is NOT a genuine sale and leaseback, so it would be booked as a loan secured on the asset. PPE not derecognised.
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