Under IFRS what is the interest rate used by lessees to capitalize a finance lease when the
Fantastic news! We've Found the answer you've been seeking!
Question:
a finance lease when the implicit rate cannot be determined?
The prime rate.
The lessor?s published rate.
The lessee?s average borrowing rate.
The lessee?s incremental borrowing rate.
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: