When should a lessor books a salestype lease or a direct financing lease? After the mock exam and checks Schweser, I still don’t get it……..
Is there anything to do with the lease period (75% etc.)?
A Sales Type lease Cap. Lease where the lessor is a dealer
Set up as a sale and profit is recognized
Also recognized interest income
Direct Fin. Lease Cap. Lease where the lessor is not a dealer
Only interest income is rec. on the IS
I just read the answer on answer sheet and it kinda contradicted schweser
Cause schweser says a sales type lease an asset is recorded as the present value of all future lease payments?
But in the answer the company recorded it at less than that?
发表于 2013-4-17 19:32
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