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IFRS16 (Leases)

This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.

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October 5, 2020 at 8:18 pm #587418
kawunkral
Participant
- Topics: 1
- Replies: 0
According to IFRS16, how should i classify a lease for 10yrs of land from a private individual? and also how do I account for this lease in my company financial statements?
October 11, 2020 at 8:19 am #588566
P2-D2
Keymaster
- Topics: 4
- Replies: 7177
Hi,
How do you think that it would be accounted for under IFRS16? If you at least attempt to answer your query yourself then I’ll tell you if you are correct or not.
Thanks
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