Pls advice how to calculate lease commitment as at 31/12/07

用戶122583

2007-10-31 5:36 am

Case:
Lease period : 1 Oct 2007 to 30 Sep 2009 (two years)
No rent free period
Rent : $10,000 / per month (Industrial user); $15,000 / per month (office user) (It is the term made in the rental agreement)
(remark : The situation is that it is now appling for the "change in user" from "industrial use" to "office use" and it is expected the application will be approved by the Gov't on or before March 2008.)

更新1:

Choice 1 Should we assumpt a day of for the successful in application(say 1Mar08),lease commitment: <1yr:$170,000=$10,000*2+$15,000*10 1-5 yrs:$135,000=$15,000*9 Choice 2 <1yr:$120,000=$10,000*12 1-5yrs:$90,000=$10,000*9

回答 (1)

Maverick

2007-10-31 5:52 am

✔ 最佳答案

The lease commitment should be calculated as follows:
Lease commitment from 1.1.2008 to 31.12.2008 is $10,000 x 12 = $120,000
Commitment from 1.1.2009 to 30.9.2009 is $10,000 x 9 = $90,000
Please be noted that it is only an APPLICATION. The approval is contingent and therefore it is only stated based on the condition being in existence at 31.12.2007 and NOT something that is contingent (ie. can happen or cannot happen). Unless at the date of completion of audit and approval of accounts, the change of use had been approved and formal document being obtained. I hope it can assist you in your preparation of accounts.

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