In terms of IFRS 16, Leases, a right-of-use asset is depreciated over the:
(Choose one correct option only)

Question

In terms of IFRS 16, Leases, a right-of-use asset is depreciated over the: 
 (Choose one correct option only)

Accepted Answer

Shorter of the lease term and the asset’s useful life.

Answer

Useful life of the asset.

Answer

Entire lease term.

Answer

Longer of the lease term and the asset’s useful life.

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