Lease Payment, query Liability or Expense?
Options
Dewan
Registered Posts: 13
Hello there my fellow friends,
Payment in advance £2500 for 5 installment.
Lease-term is for 5 years with a fair value of £10,000.
Interest rate implicit 12.6%.
What is the lease liability beginning of the year.
Interest payment is an expense or current liability.
Can anyone explain this for me ?
Payment in advance £2500 for 5 installment.
Lease-term is for 5 years with a fair value of £10,000.
Interest rate implicit 12.6%.
What is the lease liability beginning of the year.
Interest payment is an expense or current liability.
Can anyone explain this for me ?
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.4K For AAT students
- 263 NEW! Qualifications 2022
- 144 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 66 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 268 VAT
- 90 Software
- 271 Tax
- 133 Bookkeeping
- 7.1K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 578 Job postings
- 16 Who can benefit from AAT?
- 35 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership