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Sale and leeaseback

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Sale and leeaseback

Viewing 2 posts - 1 through 2 (of 2 total)
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  • November 11, 2022 at 10:25 am #671242
    Avatarmaisarah.hari
    Member
    • Topics: 15
    • Replies: 6
    • ☆

    Hi sir, for question Setter June 2013.
    The treatment is financial liability as it is not consitute as sale.

    Sales proceed received = 37 million
    Lease term is for 20 years

    I am not sure why the answer says that we should recognise other income in SOPL of 1.85 each year?
    Does not we should recognise it as finance cost?

    November 11, 2022 at 11:25 am #671244
    AvatarStephen Widberg
    Keymaster
    • Topics: 17
    • Replies: 3452
    • ☆☆☆☆☆

    This question is not in current exam kits so answer will be out of date. Try and work only on questions in current exam kits.

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