Page 45 - FAC4861_3 Unisa Test 4 slides
P. 45

LEASES





            Leases in the financial statements of lessees (IFRS 16.22 – 60)






            • For contracts that contain a lease the lessee will


                use a single lease accounting model and apply the

                principles in below.



            • The only exception is for leases relating to low-

                value assets and short-term leases for which the

                recognition exemption was elected.


























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