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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Depreciation by lessor – ifrs 16
Hi sir,
In regards with the depreciation of leased asset, does the lessor has to account it ? For eg, when the asset is finance leased will the asset and its depreciation is still accounted by the lessor ? If not then the leased asset will be de recognised in the statement of financial position of the lessor ? Only the receivable is accounted in assets ?
In regards with operating lease it’s so clear in regards with applicability of IAS 16.
Can you help me to get some insight into this topic .
Thanks in advance.
FL – only recognise receivable. Bear in mind that for FL the asset is being leased out for almost all its economic life.
OL – PPE or IP (if a building)