
Lessee Accounting: Other Issues
Authored by John Servidad
Business
University
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1.
DROPDOWN QUESTION
1 min • 1 pt
IFRS 16, paragraph 39, provides that the remeasurement of the (a) is an adjustment of the carrying amount of the (b) .
2.
DROPDOWN QUESTION
1 min • 1 pt
A lessee shall account for a lease modification as a separate lease if (a) :
(a) the modification (b) the scope of the lease by adding the right to use one or more underlying assets; and
(b) the (c) for the lease increases by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the particular contract.
3.
DROPDOWN QUESTION
1 min • 1 pt
If the decrease in carrying amount of the lease liability is higher than the decrease in carrying amount of right of use asset, the difference is a (a)
4.
FILL IN THE BLANK QUESTION
5 mins • 2 pts
What amount should be reported as lease liability on December 31, 2021?
5.
FILL IN THE BLANK QUESTION
5 mins • 2 pts
What amount should be reported as depreciation for 2019?
6.
FILL IN THE BLANK QUESTION
5 mins • 2 pts
What amount should be reported as new lease liability on January 1, 2022?
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