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On 1120X1 we executed a fiveyear lease on our building the rent is 39000 per year payable on January 1 annually and is allocated 32500
On 1120X1 we executed a fiveyear lease on our building the rent is 39000 per year payable on January 1 annually and is allocated 32500 to the shop and 6500 to the office The cost of a similar building with office and shop is around 480000 The useful life of the building is 20 years
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
