The lease liability under IFRS 16 is amortized using
A) the straight-line amortization method.
B) the discounted amortization method.
C) the present value interest method.
D) the effect interest method.

Question

Quizplus · Accepted Answer

The lease liability under IFRS 16 is amortized using the effective interest method, which allocates interest expense over the lease term on a decreasing balance basis.

The Lease Liability Under IFRS 16 Is Amortized Using