Hi,
Does anyone have experience of peppercorn lease accounting? If so please can you provide some guidance how it should be accounted?
Thank you
Peppercorn lease accounting
Re: Peppercorn lease accounting
As in, you paid a premium up front and then effectively zero for the remainder of the lease term?
Re: Peppercorn lease accounting
For an agreed term, the consideration will be minimal (like £1 or something)
Re: Peppercorn lease accounting
What other terms are there, besides the minimal ongoing payment?
Re: Peppercorn lease accounting
sorry I dont have any other information. I was just asked how to account for such leases.
Re: Peppercorn lease accounting
Without understanding the terms of these leases, you won't be able to account for them properly.