Page 107 - SBR Integrated Workbook STUDENT S18-J19
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Leases
2.6 Short-life and low value assets
If the lease is short-term (less than 12 months at the inception date) or of a low value
then IFRS 16 permits a simplified treatment.
In these cases, the lessee can choose to recognise the lease payments in profit or
loss on a straight line basis. No lease liability or right-of-use asset would therefore be
recognised.
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