How do we treat the trade-in value of trucks with zero book value in our accounting records, in a subsequent capital lease?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
Generally, in an exchange, the basis of the new asset is the basis of the old asset plus any cash paid to get the new asset. If the basis of the old asset is zero, then the value of the new asset is the amount of the lease.
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