The present value of the lease liabilities is the remaining operating lease payments and discounted to present value to date of initial application. The discount rate, such as property, could be by reference to the property loan rate. In Singapore, the property loan rate ranging from 2.1% to 3% pa. The carrying amount of the right of use asset is the present value of the remaining lease liabilitie.
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See AllPer FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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