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8. If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the
8. If a company is determining the present value of the minimum lease payments under a lease, what interest rate should be used as the discount rate using IFRS? A) The lessors implicit interest rate if it is known; otherwise the companys incremental borrowing rate. B) The companys incremental borrowing rate, even if the lessors implicit interest rate is known. C) The lessors implicit interest rate if it is known and if it is lower than the companys incremental borrowing rate. D) The lessors implicit interest rate if it is known and if it is higher than the companys incremental borrowing rate
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