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impairments and lease

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › impairments and lease

  • This topic has 2 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.
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  • August 6, 2021 at 2:06 am #630522
    Jiya024
    Member
    • Topics: 168
    • Replies: 56
    • ☆☆☆

    TA: Onerous lease contracts and impairments, and investor issues

    If the ROU asset is tested for impairment as a part of the CGU then it should be included in the CGU’s carrying amount. IAS 36 requires entities to consider whether a buyer would be required to assume any liabilities, which could include the lessee’s lease liability. In such a case, the lease liability needs to be included in the recoverable amount of the CGU and in the carrying amount of CGU as well.

    Professor am not sure if i get this in its entirety, more because of the sudden pop-up of the word “BUYER” instead of “LESSEE”.

    INFERENCE 1: if a lessee is including any ROUA to CGU then accompanying lease liability also needs to be included in recoverable amount and carrying amount of CGU.

    INFERENCE 2: that a buyer is buying a ROUA from an existing lessee( investment property for lessee) who is sub-letting it. and she is supposed to include ROUA in CGU and any liability of the sub-letter(i know there’s no such word, but for know to get my point across clearly i use it), is that so the case?

    Regards,

    August 6, 2021 at 2:13 am #630523
    Jiya024
    Member
    • Topics: 168
    • Replies: 56
    • ☆☆☆

    which of the two inferences is correct professor?

    August 6, 2021 at 5:54 pm #630612
    Stephen Widberg
    Keymaster
    • Topics: 16
    • Replies: 3411
    • ☆☆☆☆☆

    Inference 1 sounds fine. I have no idea what you mean by inference 2.

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  • The topic ‘impairments and lease’ is closed to new replies.

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