Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: Financial Accounting: Finance Lease - Lessee
Description: Summary of accounting for Finance Lease relating to the lessee.
Description: Summary of accounting for Finance Lease relating to the lessee.
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
Lease contract - the lessee controls the right to use an identified asset
...
Cost of Right of Use Asset:
1
...
Lease bonus less any lease incentives
3
...
Estimated cost of dismantling, removing, or restoring the asset for which the lessee already
has a present obligation
...
Fixed lease payments
2
...
Exercise price of purchase option that is reasonably certain to be exercised
4
...
Termination penalties if the lease term reflects exercise of a termination option
6
...
Otherwise, use the
incremental borrowing rate of the lessee
...
- However, other models are possible:
1
...
2
...
- Depreciation (cost model and revaluation model)
1
...
2
...
Lease may use the operating lease model under 2 optional exemptions:
1
...
2
...
- May have a term of more than 12 months
...
Title: Financial Accounting: Finance Lease - Lessee
Description: Summary of accounting for Finance Lease relating to the lessee.
Description: Summary of accounting for Finance Lease relating to the lessee.