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9:46
YouTube
Edspira
Lease Accounting for Lessors | Overview | IFRS 16
The lessor must first classify the lease as a finance lease or an operating lease. If it’s a finance lease, the lessor will: • Record sales revenue and cost of goods sold (if the lessor is a manufacturer or a dealer) on the lease commencement date • Remove the asset from its statement of financial position • Record a lease receivable ...
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