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Short term leases/ Low value assets

This topic has 1 reply, 2 voices, and was last updated 8 months ago by P2-D2.

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May 26, 2022 at 6:25 am #656469
ilham9089
Participant
- Topics: 237
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Is the calculation of the rental expense to go to profit or loss the same whether the payment is made in advance or in arrears?
May 30, 2022 at 5:32 pm #656892
P2-D2
Keymaster
- Topics: 4
- Replies: 6473
Yes, we take the total payments and divide by the number of years on the lease.
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