Questions & Answers
Irregular lease payments under IFRS 16 Leases
Question We took the lease contract to rent a building for 6 years with total cost of CU 60 000, of which: CU 30 000 is paid up front before we moved in; and CU 30 000 is paid at the beginning of the 4th…
Leases prepaid for years in advance
Question How should we account for leases paid in advance for 25 years? We made a one-off payment for the lease of the land for 25 years at the commencement of the lease, and we will not make any further payments. At the end of…