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How is the lease liability initially measured under IFRS 16?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/03/19
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

All leases result in a company obtainin the right to use an asset at the start of the lease and, if lease payment are made over time,also obtaining financing. _Liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value, and deprecation of lease assets separately from intest on lease liabilities in the income statement

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