Assuming the purchase option is not actually exercised at the expiration of the lease term and the fair value of the machinery on the same date is P1,050,000, what is the gain or loss on finance lease to be recorded upon expiration of lease term? On January 1, 2022, a lessor leased machinery to another entity with the following

Sep 8, 2023

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Assuming the purchase option is not actually exercised at the expiration of the lease term and the fair value of the machinery on the same date is P1,050,000, what is the gain or loss on finance lease to be recorded upon expiration of lease term? On January 1, 2022, a lessor leased machinery to another entity with the following
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