Tenant has signed a lease for a restaurant and spent about %50,000 for remodeling. The landlord also has paid the contractor $30,000 on behalf of the tenant. Should the Tenant book the total remodeling cost ($80,000) in his balance sheet or should he only book his cost as an asset ( $50,000)
How should Lessee record reimbursement by Lessor
Oct 18, 2013
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