Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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AASB 16 - Leases - February 2016

22At the commencement date, a lessee shall recognise a right-of-use asset and a lease liability.

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22 At the commencement date, a lessee shall recognise a right-of-use asset and a lease liability.

Measurement

Initial measurement of the right-of-use asset

Previous section18An entity shall determine the lease term as the non-cancellable period of a lease, together with both:

Next section23At the commencement date, a lessee shall measure the right-of-use asset at cost.

Section 22 - AASB 16 - Leases - February 2016 - At the commencement date, a lessee shall recognise a right-of-use asset and a lease liability. | Zoe