CERTYNEX IFRS ACADEMY

To conclude that an underlying asset is of low value, which factors must a lessee take into account? (several answers)

The value of the asset when new.

Whether or not the lease is material to the lessee.

Whether the lessee can benefit from the asset on its own or together with other readily available resources.

The size of the lessee and the amount of its total assets.

The absence of high dependence on, or high interrelation with, other assets.