CvLTAELG1AAv7GMjp8RSaPGsvS8 MGT401 GDB Solution fall 2012 has been uploaded |
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MGT401 GDB Solution fall 2012

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Solution:-

As per IAS-17 when lease is operating lease and fair value is equal to sale value then profit and loss is recognized immediately.


So in case of carrying value is 18000Rs and Sale Value = Fair Value = 20000Rs

Then there will be Profit                                =          Sale Value       –           Carrying Value

=          20000  –          18000

=         2000Rs

 

If carrying value is 20000Rs and sale value is 20000Rs

 

Then there will be no Profit and no Loss       =          Sale Value       –           CarryingValue

=          20000Rs          –           20000

=         0Rs

 

If carrying Value is 22000Rs and Sale Value is 20000Rs


Then there will be Loss                                  =          Sale Value       –           Carrying value

=          20000  –          22000

=         -2000Rs

Minus sign indicates loss of 2000Rs.

 

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