CERTYNEX IFRS ACADEMY

Belcour, a lessee, is considering not separating the non-lease components of its vehicle leases. Which statement about this practical expedient is correct?

It is elected contract by contract, depending on the amount of services included in each contract.

It is elected by class of underlying asset; services and lease then form a single lease component.

It extends to embedded derivatives that meet the separation criteria of IFRS 9.

It is available on the same terms to the lessor of the vehicles.