Depreciation on Leased Assets - Operating Lease
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2010
As a lessor, for assets provided to lessee under operating lease, Asset will stay in Balance sheet of Lessor under "leased assets"
Income will be amortised using straight line method as suggested under AS 19 - accounting for leases.
Whether depreciation in books should be provided as per SLM or WDV method.
kindly suggest.
Income will be amortised using straight line method as suggested under AS 19 - accounting for leases.
Whether depreciation in books should be provided as per SLM or WDV method.
kindly suggest.
25 August 2010
Either of the method can be used SLM or WDV.
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