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How to Calculate the Right-of-use Asset | IFRS 16 [Video]

How to Calculate the Right-of-use Asset | IFRS 16

When the lessee capitalizes a lease, it doesn’t just record a liability; it also records a right-of-use asset. At the commencement of the lease, the right-of-use asset is calculated as follows:

Initial measurement of lease liability + lease prepayments + initial direct costs + costs to dismantle/remove the asset or restore the site – lease incentives received from the lessor = right-of-use asset

The right-of-use asset is then recorded on the lessee’s statement of financial position and depreciated over the lease term.

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Categories
Resources for Accountants

Inspiring Short Stories | Seeking Happiness | Motivational & Inspirational Video [Video]

Seeking Happiness. Inspiring short stories. Motivational & inspirational video. Best short inspirational videos. Inspirational quotes about life and love.The motivational stories and famous anecdotes presented in this video are excerpts from our book: Top 100 motivational stories: the best inspirational short stories and anecdotes of all time. Get the book here: https://www.bizmove.com/inspiration/m9b.htm