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As an auditor, I would suggest that Company A should recognize the profit of ₹10 lakh immediately. In this scenario, Company A has sold the machinery to Company B for ₹50 lakh, even though the written-down value (WDV) of the machinery was ₹40 lakh. The difference of ₹10 lakh between the selling price and the WDV represents a profit on the sale of the machinery. Since the leaseback arrangement is in the nature of an operating lease, and not a finance lease, Company A should recognize the entire profit of ₹10 lakh immediately at the time of the sale. Operating leases are typically treated as normal rental agreements, and any profit or loss on the sale should be recognized upfront.
The area (in square units) of the triangle formed by the vertices (0,2), (2,3), and (3,1) is:
What is the height of an equilateral triangle with a side length of 8√3 cm?
If area of similar triangles ∆ ABC and ∆ DEF be 64 sq Cm and 121 sq cm and EF = 15.4 cm then BC equals
In a triangle, the lengths of two sides are 13 cm and 14 cm, and the included angle between them is 60°. Find the area of the triangle.
The sides of a triangle are 13 cm, 14 cm, and 15 cm. What is the area of the triangle?
Two triangles DEF and XYZ are similar to each other. If DE = 5 cm, DF = 7 cm, and XY = 15 cm, then find XZ.