IFRS (a) What is included in the measurement of (1) the lease liability and (2) the right-ofuse asset? (b) Besides the non-cancelable term of the lease, what are other considerations in determining the “lease term”? (c) When should a lessee account for a lease modification? What procedures are followed?
IFRS (a) What is included in the measurement of (1) the lease liability and (2) the right-ofuse asset? (b) Besides the non-cancelable term of the lease, what are other considerations in determining the “lease term”? (c) When should a lessee account for a lease modification? What procedures are followed?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter20: Accounting For Leases
Section: Chapter Questions
Problem 13GI: What is the basic difference between the accounting procedures used by a lessor for a sales-type...
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IFRS
(a) What is included in the measurement of (1) the lease liability and (2) the right-ofuse asset?
(b) Besides the non-cancelable term of the lease, what are other considerations in
determining the “lease term”?
(c) When should a lessee account for a lease modification? What procedures are
followed?
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