When we look at the statement of comprehensive income, the costs associated with the leased asset held under a finance lease will be:
Two Things to Know About Leases for IAS 17
In this article we’ll look at: Accounting treatment of leases by lessors (as well as lessees) How to account and discuss sale and leaseback transactions Lease Accounting Treatment – Lessor For Finance Leases De-recognises the tangible asset (and recognises resultant gain/loss). Lessor recognises a receivable equal to the net investment of the lease. Leased asset …