hello sir, i"m studying Chartered Accountancy (India) i came across to understand this topic which you are discussing. i was very confused how things done in this topic and most importantly why this accounting is done. but now i am pretty clear about this concept. Respect for you. we got IndAs 116 Leases.
It gives you the proportion of your ownership (PV of lease payments) against the total value of asset (FV) Say your payments PV is 70, the asset FV is 100, so your ownership of asset is 70/100 which is 70%
