We currently subleased our office with furnitures and equipments that will pass onto the sublessee at end of the lease for a dollars. On the book, those Furnitures and equipments still have NBV. I need to know the J/E to treat it according to GAAP. Please give me advice.

Thanks,
Richard

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Originally Posted by richccc

We currently subleased our office with furnitures and equipments that will pass onto the sublessee at end of the lease for a dollars. On the book, those Furnitures and equipments still have NBV. I need to know the J/E to treat it according to GAAP. Please give me advice.

Thanks,
Richard

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If the funishings are included in the lease then all you need to know is the lease you are paying