[Busmanagers] Leased computers and the Asset Register

[Hastings, Janet F]

I am in need of a little clarification with Leased Assets.

 

What is the correct way to record leased assets (computers and monitors)
in respect of the purchase cost and the monthly lease cost.  

 

On reading the notes in the Assets section of the finance guide, the
purchase cost should be '0', and 'the monthly lease payment is entered
(if applicable)'.

 

As we have leased a classroom full of computers, should I divide the
monthly lease payment and spread it across all the computers and
monitors in the lease?

 

 

Jan Hastings

Business Manager

Rowville Primary School

Phone:  9764-1955

Fax:      9763-8658

 



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