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Lease & Depreciation ?

Accountancy

I know there are 2 different AS AS 10 PPE and AS 19 Lease But depreciation will be accounted by lessor or lessee ???? And by following which AS ?? Kindly explain

Chandan Subudhi

CA Final

★ 12K+

11-Nov-21 20:23

388

Answers (1)

If finance lease then depreciation is accounted by Lessee &in case of operating lease it will account by lessor As per my knowledge

Surya Prakash

CA Final

★ 19K+

11-Nov-21 20:29