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    rcar's Avatar
    rcar Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 8, 2009, 02:55 PM
    SFAS 13 Discrepancy (Leases)
    In SFAS 13:

    (FV is Fair Value; RV is Residual Value; PV is present value, IIR is the Implicit Interest Rate)

    If we assume that the FV = the sales or purchase price as it says is typical in section 5c

    1) Paragraph 5K basically says that PV of minimum lease payments + RV = FV
    2) Paragraph 17C basically says that PV of minimum lease payments = sales price
    we get this:

    PV(MLP) @IIR = purchase price = PV(MLP+RV)@IIR


    What am I missing here?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #2

    Jan 10, 2009, 09:26 PM

    Submit your question to the homework section please.
    rcar's Avatar
    rcar Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Jan 11, 2009, 05:45 PM

    FYI/ this is not for homework, I have already graduated twice... This is for my professional career, I can not find an answer anywhere. Can anybody help?
    codyman144's Avatar
    codyman144 Posts: 544, Reputation: 31
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    #4

    Jan 11, 2009, 07:01 PM

    Could you not see how that looked like a homework question. That's fine F- my reputation right. Hope someone else will help you because now I won't that's for sure.
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