Amortization of Leases beyond Lease Contract Duration
Summary:
Amortization beyond Lease Contract Duration period
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Our client has a requirement where lease contract duration (Building) is of 10 years, but its useful life is 50 years and hence they want to amortize it over a period of 50 years. Can this be achieved through usage of Seeded Lease accounting functionalities like usage of Options, or something like that? Kindly suggest ways to achieve it.
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