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- IFRS 16 – Leases 0%
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Question 1 of 10
1. Question
At the commencement date, a lessee shall measure the lease liability at the future value of the lease payments that are paid at that date.
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Question 2 of 10
2. Question
The lease payments shall be discounted using __________, if that rate can be readily determined.
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Question 3 of 10
3. Question
Which of the following statements is true provided that the lease transfers ownership of the underlying asset to the lessee by the end of the lease term?
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Question 4 of 10
4. Question
If right-of-use assets relate to a class of property, plant and equipment to which the lessee applies the revaluation model in IAS 16, a lessee may elect to apply that revaluation model to all of the right-of-use assets that relate to that class of property, plant and equipment.
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Question 5 of 10
5. Question
How shall a lessee measure the lease liability after the commencement date?
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Question 6 of 10
6. Question
Which of the following shall a lessee recognise in profit or loss after the commencement date?
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Question 7 of 10
7. Question
If the carrying amount of the right-of-use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, a lessee __________.
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Question 8 of 10
8. Question
Under which of the following circumstances shall a lessee account for a lease modification as a separate lease?
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Question 9 of 10
9. Question
What shall a lessee do at the effective date of the lease modification for a lease modification that is not accounted for as a separate lease?
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Question 10 of 10
10. Question
Which of the following shall a lessee classify in the statement of cash flows?
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