Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Lease Incentives - Mid Lease — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Lease Incentives - Mid Lease

Received Response
18
Views
1
Comments
edited Jul 16, 2020 4:27PM in Assets 1 comment

Summary

Lease Incentive is a Negative Amount in Mid-Lease

Content

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) – “…

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!