Page 160 - F2 Integrated Workbook STUDENT 2019
P. 160
Chapter 6
3.3 Right-of-use asset in a sale and leaseback arrangement
The right-of-use asset in a sale and leaseback arrangement is not calculated as per a
normal lease arrangement.
It is calculated as:
“Regular” right -of-
Sale and use
leaseback
right-of-use = Carrying × ––––––––––
amount
Fair value
This represents the This represents the
percentage of the carrying percentage of the fair value
amount recovered through of the asset that a normal
the right-of-use in the sale lease would receive through
and leaseback arrangement. the right-of-use.
asset
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