Question Mode

Multiple Choice Question

Under IFRS, a lessee will remeasure the variable lease payments that depend on an index or rate

Multiple choice question.

only when there is a change in cash flows resulting from a change in index or rate.

only when the right$-$of$-$use asset and lease liability are remeasured.

when the right$-$of$-$use asset is remeasured and when there is a change in cash flows resulting from a change in index or rate.

Multiple select question.

Update the right$-$of$-$use asset for the increase in present value

Terminate the original lease and create a new lease with the new terms

Recognize straight$-$line expense of the lease payments

Reclassify from an operating lease to a finance lease