Case Study: Short Term Leases

FCS Deepak Pratap Singh , Last updated: 26 August 2024  
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QUESTION: Entity X (lessee) enters into a lease with Entity Y (lessor) for two assets namely, Asset A and Asset B, with 10 months non-cancellable term with an option to extend the lease for 5 months. The lease does not have a purchase option. At the lease commencement date, for Asset A, Entity X is

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
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