Which one of the following practical expedients can a lessee first-time adopter apply at the date of transition (applied on a lease-by-lease basis)?
Recognize the lease payments as an expense, if the remaining lease payments at the date of transition are of low value.
Adjust the carrying amount of the right-of-use asset by the previous GAAP onerous lease provision instead of applying IAS 36 to right-of use assets at the date of transition to IFRSs.
Apply a single discount rate to a portfolio of leases with reasonably similar characteristics.
