- This topic has 1 reply, 2 voices, and was last updated 3 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Raffen entered into an agreement on 1 January 20X7 to sell its head office building for its fair value of $5,800,000 and lease it back for six years under a lease. The carrying amount of the building on 1 January 20X7 was $5,500,000. The present value of the annual payments is $4,957,326 and the transaction constitutes a sale in accordance with IFRS 15. How much should Raffen recognise in profit or loss in the year ended 31 December 20X7 in respect of this transaction?
In this question have they referred to profit or loss on account of rights retained or right transfered ??
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.