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IFRS 16

This topic has 2 replies, 2 voices, and was last updated 8 years ago by MikeLittle.

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August 25, 2017 at 6:00 pm #403530
kengara
Member
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My Dear Tutor, can you explain what does recognition exemption means in IFRS 16?if it the asset is classified as the asset meeting recognition will the asset be treated as operating lease or how?
August 25, 2017 at 8:09 pm #403547
kengara
Member
- Topics: 197
- Replies: 107
My Dear Tutor, can you explain what does recognition exemption means in IFRS 16?if it the asset is classified as the asset meeting recognition exemption will the asset be treated as operating lease or how?
August 26, 2017 at 8:50 am #403608
MikeLittle
Keymaster
- Topics: 27
- Replies: 23333
Instead of treating as a right-of-use asset, write off the amount involved as at the date of acquisition
ie treat it as an expense
OK?
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