ON 31 MARCH 2012, AV CO ENTERED INTO A LEASING AGREEMENT WITH AT C...

10. On 31 March 2012, AV Co entered into a leasing agreement with AT Co, by which AV Co would lease a machinefrom AT Co for three years from 1 April 2012 for use in its manufacturing activities. AV Co paid in advance thetotal lease payment for the three-year period of VND600 million on the same day as it entered into the lease andreceived an official invoice from AT Co for this amount. As payment was made and the invoice received, theaccountant believes that the whole advance amount of VND600 million should be deductible in the year ended31 March 2012.During an interview with the accountant, you also identified the following issues for which no adjustments have beenmade in the CIT return: