alleryStart learning →Same sale-leaseback: total gain is Rs 2,00,000 and the retained right is 25% of fair value. Gain recognised now?
ARs 1,00,000
BRs 2,00,000
CRs 1,50,000
DRs 50,000
Answer & Solution
Correct answer: C. Rs 1,50,000
Only the 75% of the gain relating to rights transferred is recognised, 200000 x 0.75 = 150000.
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Related questions
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