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Hi sir, can you tell the answer for this?
X ltd is a lessee who has entered into a lease agreement with Y ltd lessor. X ltd has paid a refundable security deposit of $ 5 million at the inception of the lease. How will this $ 5 million be accounted for in X ltd`s books of accounts?
Option A: Include in its ROU calculation.
Option B: Expense it off in the year in which it has been paid
Option C: Shall be accounted as a Financial Asset as per IAS 32
Option D: None of the above.
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