While studying ASC I learned that FASB took a different approach. IFRS and ASC agree on the balance sheet treatment of leases, requiring the lessee to recognize ROU assets and lease liability, but they differ in income statement presentation. For operating leases, the rightofuse asset and lease liability will be amortized over the life of the lease using the effective interest method. For finance leases, Unlike operating leases, the amortization of the ROU asset will be expensed based on how the entity recognizes amortization expense on similar assets.

Under IFRS after the commencement date, the lessee measures the rightofuse asset using the cost model, unless it applies the revaluation model as specified under IAS Property, Plant and Equipment. ROU assets measured under the cost model should be depreciated as per IAS Lease liability should be accounted for on an amortized cost basis.

I want to to know the income statement presentation is better in IFRS or ASC

 

 what is the better way presentating in the income statement and why and give me critical evidence on