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2 Abendte L ABCD AaBbcode AaBb Abcde MS Sering ' ' x APA Title Honding 1 Heading 2 the lease agreement on a long-term finance

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2 Abendte L ABCD AaBbcode AaBb Abcde MS Sering ' ' x APA Title Honding 1 Heading 2 the lease agreement on a long-term finance lease related to a storage building that dexter has acquired for its business needs is currently on the balance sheet of the company. the I lease is being traded as an operation lease the lease agreement is for 10 years at a cost of 12 million advise the management of Dexter the correct treatment of the lease according to IAS 17 - lease, prepare the appropriate adjusting entry to record the lease as a finance (capital) lease, ad additional adjusting entry to record the related depreciation assuming a 10-year life, straight line depreciation, and no salvage value Discussion questions

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