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Lease Incentives - Mid Lease

Received Response
edited Jul 16, 2020 4:27PM in Assets 1 comment


Lease Incentive is a Negative Amount in Mid-Lease


After having extended a lease we received a one-time payment (lease incentive) in the middle of a lease current lease term.  This would represent a negative amount for the month in question, not a reduction in the payment amount over the length of the lease.

   As per Guaranteed Residual Value And Lease Incentives-Fixed Asset's Lease (Doc ID 2637054.1) "...Lease incentive is a onetime payment, received by the lessee at start of the lease or end of the lease – Enter a negative onetime payments as initial direct cost...."

    As per Questions Oracle Lease Assets on How it Supports IFRS16 Guidelines (Doc ID 2499062.1) – “…

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