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Lease Equipment

  • Associate PM.Dip
  • Practice Licence
  • 3 posts
  • # 114461

Hello Members,

 

I work in a dental practice. Recently the practice has entered into the Lease contract with a company . The value of Invoice is around £200 K and Vector finance is financing it (5 years repayment). Could someone please suggest  what will be the best way to account for it.

Can I capitalize assets or monthly rental will be appropriate to account for it.

Thankyou

Shaily

 

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