①What is
1. Lease and sale
manufacturer as lessor Financial lease = lease for sale
2. Whichever is lower, recognized income
Main business income = fair value of leased assets and current value of lease receipts whichever is lower .
3. Deduct the cost of residual value carryover
Main business cost = Book value of leased assets - The present value of unguaranteed residual value
4. Explanation
Income is lower than the present value of lease receipts, and cost is lower than the book value of leased assets, because there is residual value. That is, the service life is 10 years, the rent is 8 years, and the remaining value must be squeezed out in 2 years.
5. The costs incurred in obtaining a financial lease
are different from other financial lease lessors. The costs incurred by a manufacturer as a lessor in obtaining a financial lease are not initial direct expenses , but are included in current profits and losses .
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②How to do
1. Recognize revenue carryover cost
Borrow: Financing lease receivable - lease receipt
Loan: Financing lease receivable - Unrealized financing income
Main business income
Borrow: Main business costs
Loan: Inventory goods
2. Obtain financial lease costs
Borrow: Sales expenses
Loan: Bank deposits
3. Amortization
Borrow: Bank deposit
Loan: Financing lease receivable - lease receipts
Borrow: Financing lease receivable - unrealized financing income
Loan: Lease income
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③ Comparative income is significant Financing components
Main business income = current sales price = the amount paid in cash when the customer takes control ( does not deduct the residual value step )
borrow: long-term receivables
loan: unrealized financing income
main business income
borrow: main business costs
loan: inventory goods
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