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- IFRS 16 – Leases 0%
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Question 1 of 10
1. Question
Which of the following may IFRS 16 be applied to?
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Question 2 of 10
2. Question
An entity shall apply IFRS 16 to all leases, except leases of right-of-use assets in a sublease.
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Question 3 of 10
3. Question
A contract is, or contains, a lease if the contract conveys the right __________ an identified asset for a period of time in exchange for consideration.
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Question 4 of 10
4. Question
When shall an entity reassess whether a contract is, or contains, a lease?
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Question 5 of 10
5. Question
How shall a lessee allocate the consideration in the contract to each lease component for a contract that contains a lease component and one or more additional lease or non-lease components?
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Question 6 of 10
6. Question
As a practical expedient, a lessee may elect, by class of underlying asset, not to separate non-lease components from lease components, and instead account for each lease component and any associated non-lease components as a single lease component.
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Question 7 of 10
7. Question
Under which of the following circumstances will the non-cancellable period of a lease change?
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Question 8 of 10
8. Question
Which of the following shall a lessee recognise at the commencement date?
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Question 9 of 10
9. Question
At the commencement date, a lessee shall measure the right-of-use asset at __________.
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Question 10 of 10
10. Question
Which of the following shall comprise the right-of-use asset?
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