UK Help with depreciation of a lease for a functional budget?

Feb 13, 2020
Reaction score
United Kingdom
Hello guys,

New to the forum here. I'm currently studying my HND in accounting and I'm doing the graded unit 2 project at the moment. We've not been given any help by our lecturers and I'm currently stuck with the functional budget.

So me as a company is leasing a plane over a five year period. I was just wondering whether I need to account for the depreciation in the functional budget or do I not account for the depreciation as the plane will be going back to the leasing company after 5 years?


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question