FRS116 Leases requires lease to discount at incremental borrowing cost rate. The rate should be in similar terms of a similar transaction in similar economic environment. That is in country, currency of the underlying assets being transacted. It is hypothetical that the lease were transacted. It was not how you can finance the lease by yourself.
top of page
TT Profession
Search
Recent Posts
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...
bottom of page
Comments