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11:10
YouTube
Edspira
IFRS 16 Lessor Accounting Example 1 | Finance Lease
When a lessor accounts for a finance lease under IFRS 16, the lessor must derecognize the asset from its statement of financial position and record a lease receivable upon commencement of the lease. If the lessor is a manufacturer or dealer, then the lessor must also record sales revenue and cost of goods sold upon commencement of the lease ...
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