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Substance Over form

This topic has 6 replies, 2 voices, and was last updated 11 years ago by MikeLittle.

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November 9, 2014 at 3:13 pm #208628
David
Member
- Topics: 14
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what does it mean in simple terms? really confused with it
November 9, 2014 at 6:16 pm #208680
MikeLittle
Keymaster
- Topics: 27
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Never mind what the law says – its the commercial reality that’s important.
Ok?
November 12, 2014 at 4:14 pm #209393
David
Member
- Topics: 14
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can u give an example please..
November 12, 2014 at 4:37 pm #209408
MikeLittle
Keymaster
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- Replies: 23352
We don’t own assets that we are leasing under a finance lease, but we pretend that we do own them. And we depreciate them
Have you listed to any of the recorded lectures? It’s all explained therein!
November 18, 2014 at 1:00 am #210828
David
Member
- Topics: 14
- Replies: 27
thnx will check them soon
November 18, 2014 at 2:52 pm #211013
David
Member
- Topics: 14
- Replies: 27
sorry,
can u give me the link to video which explains this?
November 19, 2014 at 4:32 pm #211290
MikeLittle
Keymaster
- Topics: 27
- Replies: 23352
Is there not a video on leasing? If not, post again and I’ll give you another example
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