Under Blank$\_\_\_\_\_\_,$ a lessee remeasures the variable lease payments that depend on an index or rate whenever there is a change in the cash flows resulting from a change in that index or rate; however, under Blank$\_\_\_\_\_\_$ a lessee only remeasures the variable lease payments that depend on an index or rate when the lessee remeasures the ROU asset and lease liability for other reasons.

Multiple choice question.

US GAAP; IFRS

US GAAP and IFRS both remeasure whenever the index or rate changes.

IFRS; US GAAP