AS - 19
This query is : Resolved
22 January 2011
What is Gross Investment in Lease as per AS-19 ?
Is it (Minimum Lease Payment + Guaranteed Residual Value + Unguaranteed Residual Value)?
Please answer for both:
From lessor's point of view &
Lessee's point of view
Is it (Minimum Lease Payment + Guaranteed Residual Value + Unguaranteed Residual Value)?
Please answer for both:
From lessor's point of view &
Lessee's point of view
22 January 2011
hello,
this formula is applicable only in the case of finance lease and in the books of lessor
in the case of lesee as per the AS is the deemed onwer of the asset and he should recognise the leased asset at the lower of
Fair valu or Present value of MLP (lessee's view)
whichever is less
formule for finance lease in lessors books gross investment =MLP+unguarenteed residual value(UgRV)
MLP= total lease rent and the guarenteed residual value (GRV) by lessee and third party
so formule in your query is a duplication of GRV.
in simple the GI= total lease rent + GRV+UgRV
this formula is applicable only in the case of finance lease and in the books of lessor
in the case of lesee as per the AS is the deemed onwer of the asset and he should recognise the leased asset at the lower of
Fair valu or Present value of MLP (lessee's view)
whichever is less
formule for finance lease in lessors books gross investment =MLP+unguarenteed residual value(UgRV)
MLP= total lease rent and the guarenteed residual value (GRV) by lessee and third party
so formule in your query is a duplication of GRV.
in simple the GI= total lease rent + GRV+UgRV
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
