We will purchased machinery of A Company Name and giving of lease rent to another sister Concern B Company .
So how this transaction will be accounted in both the units ? Depreciation will be accounted in A Company ? or B Lease rent payable to A? What rate lease rent should be Paid?
26 May 2020
Depreciation will be accounted in A Company ? or B = Company B will be eligible for depreciation Lease rent payable to A? = Yes What rate lease rent should be Paid? = As Agreed between them.
CAclubindia
