Hello. I am trying to enter a new loan / capital asset that was leased for 4 years and now we are buying out the lease. I am having trouble with the $ amounts in setting up the new asset. It's value is worth more than the loan amount, as we've paid toward it through the lease already. Thanks for any help.
ADMIN RESPONSE
Feb 10, 2025
Hello Sue, the capital asset value would be the amount in which it was bought out and not it's original value.
