BLM11020 - Lease accounting: lease classification: 'fair value'
This manual is being updated to reflect FRS 102 (2024 amendments). For guidance on the tax treatment of accounts prepared under IFRS 16 or the revised FRS 102, please refer to pages within the BLM50000 chapter.
The 'fair value' of the leased asset is, at its simplest, usually its cost.
But cases may not always be simple, particularly where the asset is not new when leased.
FRS 102 Glossary defines 바카라 사이트榝air value바카라 사이트� as being:
바카라 사이트淭he amount for which an asset could be exchanged, a liability settled, or an equity instrument granted could be exchanged, between knowledgeable, willing parties in an arm바카라 사이트檚 length transaction바카라 사이트�.