Lease accounting - Lessee

[Graham Mangota]

Hello

I need help with the following :

A bank is financing the purchase of truck through some 3 yr leases. Ho do we account for the lease establishment and application fees ?

 

[kirby]

Are you the bank or the user of the equipment (lessee) ?

 

[Graham Mangota]

"We" are the user of the vehicles. We are the lessee

 

[kirby]

http://www.ifrsbox.com/ifrs-16-leases-summary/
The above is a simplified example of entries for IFRS 16.
It also shows how to record a fee