08-30-2010, 05:54 PM
Company (A) purchase a Asset from another company at Rs 3,276,000/- and the same has been leased from Bank, as per agreement bank transfer 2,828,000/- to Company A account which the company pays to the seller. Company A Lease the asset at Rs 4,450,000/- from bank down payment 1,335,000/- IRR=16.34950%. Plz tell me about its treatment in Financial Statements
