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1 Jati Bhd. leased a 20-storey building from MPPJ with the intention to earn rental income. The building has been leased to Jati Bhd. for

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1 Jati Bhd. leased a 20-storey building from MPPJ with the intention to earn rental income. The building has been leased to Jati Bhd. for 10 years and it was classified as a finance lease. Jati Bhd. has been given an option to purchase the building after 10 years for an amount that will be determined by MPPJ at the end of the lease term. (b) How is the building recognized in the financial statements of Jati Bhd

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