Valuation of Assets under Finance lease and Intangible Assets, Amortization and Asset Impairment


The contemporary issues relating to fixed assets—finance lease, intangibles, their amortisation and asset impairment—are providing a face-lift to the financial statements. The emphasis is on substance over form, prudence, ensuring the sanctity of the financial statements and quality of earnings.


This chapter seeks to enable you to develop knowledge and understanding of:

  1. Meaning of lease and finance lease.
  2. Principles and norms of standard accounting treatment of assets held under finance lease and disclosure requirements ...

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