Sales Lease back – unearned profit (GAAP)

  • Creator
    Topic
  • July 19, 2012 at 4:08 pm #172685
    Anonymous
    Inactive

    hi fellas!

    I am confused about the unearned gain on the sales-lease back under US GAAP and IFRS. I have established for IFRS it is always Selling Price- Carrying Value. I cant come up with a US GAAP working for the unearned gain is it the PV of MLP- Selling Price!

    Please help

    Thanks

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