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Leased Computer

Depreciation & Treatment

What is the treatment of a leased computer that has a 3 year lease with no option to keep the asset.

Does it go on the balance sheet as an asset with the corresponding creditor, with rentals reducing the balance? (Is the depreciation allowable or not?)

Or do the rental payments each month just get added as an expense and ignore the balance sheet?

Thanks

 

 

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19th Jan 2018 22:51

Perhaps you should just sit on the naughty step?
Where in life do you actually sit?

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By johnt27
23rd Jan 2018 13:12

IFRS or FRS 102? Treatment totally different

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to johnt27
23rd Jan 2018 13:30

FRS105

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By johnt27
to Dean Ainslie
23rd Jan 2018 13:41

Excellent. Google FRS 105 and read the section on leases.

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