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How do I post a financial lease?

Publication date: 2013-03-10 20:53:14

Recognition of financial leasing in the books:

in an amount equal to the market value of the leased asset. In practice it is the lower of: purchase price of the asset or present (discounted) value of leasing instalments

leasing instalments are split into interest costs and principal, reducing the liability at take over of the leased asset.

Find out more: http://24ivalue.com/pages/elearning/book/2/page/11/

Regards,
Slawomir Ekman
24iValue

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