The criteria that normally need to be recognised for a non-cancellable lease to be capitalised by a lessee IAS 17/AASB 117)is:
A)The lease term is for the major part of the economic life of the asset
B)At the inception of the lease,the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset
C)Both A and B
D)Either A or B

Question

Quizplus · Accepted Answer

The Answer of The criteria that normally need to be recognised for a non-cancellable lease to be capitalised by a lessee IAS 17/AASB 117)is:
A)The lease term is for the major part of the economic life of the asset
B)At the inception of the lease,the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset
C)Both A and B
D)Either A or B

The Criteria That Normally Need to Be Recognised for a Non-Cancellable