ZEN Limited (ZL) acquired a machinery from Ashok Healthcare (AH) on operating lease for a period of
Question:
ZEN Limited (ZL) acquired a machinery from Ashok Healthcare (AH) on operating lease for a period of three years. The lease rent payable by ZL are ₹2,10,000; ₹1,20,000 and ₹2,40,000 during three years, respectively. Show how ZL should recognize the lease rent in its accounts.
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Here total lease rent of 570000 should be allocated over the lease term of three ...View the full answer
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