Which item is NOT included in amount of the lease payment under IFRS 16?
A) Guaranteed residual values
B) Renewal or purchase options
C) Executory costs
D) Contingent rentals

Question

Quizplus · Accepted Answer

Executory costs are not included in the lease payments under IFRS 16; these costs are related to services such as insurance and maintenance, which are typically handled separately from the lease payments.

Which Item Is NOT Included in Amount of the Lease