Hello Experts,
I have requirement to track leased assets when they are a part of the actual cost of the complete value of the assets. For example: A machine for $160,000 before tax and freight is being financed on a 2 yr. lease. Rest of the project is for $180,000 which included the electrical and installation costs. The total project approved for $340,000.
Can I create a new asset class to track this? Should this feed into depreciation or amortization?
What happens when we keep the asset as the asset classes can’t be changed.
How will this affect the Capex process?
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.