2 A small audit client has taken out a lease on an old van. The cost of...
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2 A small audit client has taken out a lease on an old van. The cost of the right-to-use asset is was £3,000.
The client has not recognised the asset (or any corresponding lease liability) on its statement of financial position.
Is this treatment admissible in accordance with IFRS 16 Leases?
Admissable Inadmissable
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Related Book For 
ACCA Approved Study Text P7 Advanced Audit And Assurance
ISBN: 9781472744340
1st Edition
Authors: BPP
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