https://www.taxtmi.com/forum/issue?id=107075 A supplier provided a machine for use while purchases continue, to be taken back if purchases stop; contract terms must be examined to determine if the arrangement meets asset recognition and, if so, an appropriate value must be ascertained and the machine accounted for consistent with applicable accounting principles. en-us Thu, 24 Jul 2014 12:27:47 +0530 Thu, 23 Jan 2025 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107075 A supplier provided a machine for use while purchases continue, to be taken back if purchases stop; contract terms must be examined to determine if the arrangement meets asset recognition and, if so, an appropriate value must be ascertained and the machine accounted for consistent with applicable accounting principles. Discussion-Forum Companies Law Thu, 24 Jul 2014 12:27:47 +0530 https://www.taxtmi.com/forum/issue?id=107075