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IFRS 16 Leases

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 16 Leases

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarP2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • May 11, 2019 at 12:55 pm #515604
    Avatargangsta1
    Member
    • Topics: 75
    • Replies: 10
    • ☆☆

    I know that the present value of lease liability will be included as part of the cost of the “right of use asset”. Also, the present value of any end of life cost will be included as well.

    My question sir, looking at the face of the statement of financial position under the liability section, will the present value of lease liability & end of life cost be reported as a single lease liability or will these two elements of liability be shown separately?

    Please clarify sir.

    May 12, 2019 at 11:02 am #515685
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    They’ll be shown together and not separated.

    Thanks

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