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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 16 Depreciation of right to use asset.
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???
Both will depreciate. Bear in mind that depreciation has nothing to do with tax – that depends on local legislation.
oh ok thanks
🙂