In the books of the lessee, the right-of-use asset should initially be recorded at: a. Cost less
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In the books of the lessee, the right-of-use asset should initially be recorded at:
a. Cost less expected depreciation
b. Fair value less costs to sell
c. Market price less estimated expenses of the asset over its useful life
d. Purchase price plus initial direct costs incurred by the lessee and dismantling or decommissioning costs
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Related Book For
Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application
ISBN: 9781032464022
1st Edition
Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik
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