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Ifrss 16
Ifrss 16
Ifrss 16
Recognition criteria:
A contract convys the right to conrol the use of an identified asset if,
throughout the period of use, thecustomer has the right to:
1. asset recognition criteria; and
2. ability to direct the use of the identified asset ( i.e., direct how and
for what purpose the asset is used).
Subsequent Measurement:
Depreciation
LEASE LIABIILITY
Initial recognition: if there is an obligation to make lease payments
Initial Measureemnt: Present value of lease payments to be made over the lease
term. Note: The discount rate used to determine present value should be the rate of
interest implicit in the lease.