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How to change interest proportion in lease amortization schedule?

edited Feb 3, 2023 6:15AM in Ask A Guru 2 comments

Hi,

In a lease asset the interest proportion of the lease payment is calculated based on declining interest. The related asset is depreciating based on straight line depreciation. The depreciation on the fixed asset shouldn't be changed to declining.

We would like to change the interest part of the lease amortization schedule to equal amount over the lease term (period).

How to adjust the interest amounts?

Regards

Erica

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