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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale and leaseback finance lease
If we have a sale leaseback finance lease the profit is deferred over the lease term? Correct?
Where the asset is depreciated on the shorter of the UL or the lease term and if the lease term is shorter is the deferred profit released to the income statement over the shorter of UL or the lease term? Or is it the lease term only?
Thanks
1 – correct
2 – lease term
ok?
omg this came out in the exam for f7 just now
Well, there you go!
