Grisol transfers an office building, with a carrying amount of 1,800,000, to a property company for cash of 3,000,000, and leases it back for 12 years. According to the IFRS 15 analysis provided, the transfer is not a sale. Record Grisol's entry at the transfer date.
- Transfer proceeds received
- 3,000,000
- Carrying amount of the building
- 1,800,000