Question
Which of the following statements is correct in accordance with AASB 16 Leases ? Group of answer choices Right-of-use asset is depreciated from lease commencement
Which of the following statements is correct in accordance with AASB 16 Leases?
Group of answer choices
Right-of-use asset is depreciated from lease commencement to the longer of the lease term and its useful life, only where the economic benefits to be realised from using the asset are for a period of greater than ten years.
Payment for executory costs reimbursed by the lessee after being paid by the lessor on behalf of the lessee are included in the calculation of lease payments.
Payments that are made by a lessee at commencement date are included in the initial amount recognised for the lease liability.
Variable lease payments may be increased or decreased during the lease term because of changes in facts and circumstances occurring after the asset is made available to the lessee to use, other than the passage of time.
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