Which One Of The Following Would Result In An Operating Lease Being Recorded Under IFRS? A. Y Ltd. Is Leasing The Asset For 3 Years, The Useful Life Of The Asset Is 10 Years B. W Co. Has The Option To Buy The Asset For $1 At The End Of The Lease C. X Inc. Has A Present Value Of Lease Payments Of $56,000 And The Market Value Of The Asset Is $120,000
Which one of the following would result in an operating lease being recorded under IFRS?
a.
Y Ltd. is leasing the asset for 3 years, the useful life of the asset is 10 years
b.
W Co. has the option to buy the asset for $1 at the end of the lease
c.
X Inc. has a present value of lease payments of $56,000 and the market value of the asset is $120,000
d.
Z. Corp. has a $500 lease payment for 11 months
