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IFRS 16 LEASE

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Stephen Widberg.

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April 28, 2022 at 1:12 pm #654542
Yovin
Participant
- Topics: 25
- Replies: 1
Hi Sir ,
Wanna know if there will be only written question for lease remeasurement and lease modification or there will also be computations.
April 29, 2022 at 12:11 pm #654610
Stephen Widberg
Keymaster
- Topics: 15
- Replies: 3355
Possibly computations.
If there is a remeasurement.
1. Calculate the new liability.
2. Assuming that the liability has gone UP by 10:
Dr Right of Use Asset 10
Cr Liability 10
End of knowledge. 🙂
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