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IFRS 16 Depreciation of right to use asset.

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 16 Depreciation of right to use asset.

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • September 26, 2021 at 2:25 pm #636522
    vaibhavramanthan63@gmail.com
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    Under IFRS 16 if for the lessor it is a financial lease and for lessee the exemption of short value asset does not apply then will both of them be able to claim depreciation of right to use asset???

    September 27, 2021 at 7:51 am #636551
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Both will depreciate. Bear in mind that depreciation has nothing to do with tax – that depends on local legislation.

    September 27, 2021 at 8:58 am #636570
    vaibhavramanthan63@gmail.com
    Member
    • Topics: 2
    • Replies: 4
    • ☆

    oh ok thanks

    September 28, 2021 at 7:25 am #636631
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    🙂

  • Author
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Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘IFRS 16 Depreciation of right to use asset.’ is closed to new replies.

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