Investment in a leased property
Yestin
Registered Posts: 83 Regular contributor ⭐
Hello Everyone,
Short question today.
How would you go about accounting for a £200,000 investment in a property that you do not own but are leasing for 10 years?
Thanks in advance for any suggestions.
Yestin
Short question today.
How would you go about accounting for a £200,000 investment in a property that you do not own but are leasing for 10 years?
Thanks in advance for any suggestions.
Yestin
0
Comments
-
Capitalise and amortise over the period of the lease?0
-
amortise it
I agree - capitalise as a lease premium and amortise over 10 years0 -
Thanks guys! Seems like the best way to go about it.0
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