Hi Sir,
In the question (Liera Co) is stated that the asset is being leased for a period of 10 years.
So while checking if. a sale has occurred inorder to classify it as a sale and lease back we should know the life. of the asset.
How did we find it here in the case of stadium?
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stadium sales/ leaseback and improvements 2020 march q3 a)
4y ago#1My best guess is that as a building it will probably last for 50 years. Bit naughty if they don't mention the life. :)
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