Search found 2 matches

by GEL
08 Jul 2021, 12:56
Forum: IFRS-related topics
Topic: IFRS 16_Cars right to purchase
Replies: 4
Views: 3408

Re: IFRS 16_Cars right to purchase

The contract mentions that only if you want, you are going to pay the last balloon installment. The lessee will not pay the last balloon installment but the employee if he wats to maintain the car. In this case should the lessee assess the car under IFRS 16 considering that at the end of the contrac...
by GEL
06 Jul 2021, 10:55
Forum: IFRS-related topics
Topic: IFRS 16_Cars right to purchase
Replies: 4
Views: 3408

IFRS 16_Cars right to purchase

Dear all good day, I have a question. The Company X (lessee), leases cars from the Company Y (lessor). Some of the car contracts give the lessee the right to purchase the car. However the last installment will be paid by lessee's employee (only in case he wants the car, the contract mentions the sam...