BU397 Lecture Notes - Lecture 15: Financial Statement, Credit Risk, Interest Expense
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The lessor typically will: lessee makes payments on the lease, the obligations for taxes, insurance, and maintenance (executory costs) may be assumed by the lessor or the lessee or divided. In canada, there are three main types of lessors: manufacturer finance companies, subsidiaries whose main business is leasing (e. g. , honda. If you can keep the debt off your balance sheet and still use the asset, it"s a (cid:449)i(cid:374)-win organization. Ifrs: operating lease: sales-type, aspe: sales-type lease. Ifrs: manufacturer or dealer lease: financing-type, aspe: directing financing lease. Ifrs lease criteria: u(cid:374)der ifr 1(cid:1010), fro(cid:373) lessee"s sta(cid:374)dpoi(cid:374)t, all leases are capitalized and placed on the sfp. Exceptions permitted only when: the lease is for a term of 12 months or less, the underlying asset is of low value. 0: cost/fmv of asset to be recovered, less: pv of expected residual value, amount to be recovered through, lease payments, pv of annuity due (n=5, i=10%, payments: (,000/4. 16986, total lease payments:
