Example: confidence
Lease Modifications Extending The Lease Term
Found 1 free book(s)Lease modifications extending the lease term - Deloitte
www2.deloitte.comwith IFRS 16.7(a), when a short-term lease is modified, the lease is considered to be a new lease on the effective date of the modification. Extending the lease term is a modification as defined because the extension was not contemplated in the original terms of the lease. Consequently, Entity B should account for the leases as new