CERTYNEX IFRS ACADEMY

Fermatis leases a warehouse. The lease requires it to dismantle, at the end of the lease, the racking it installs. Which items are included in the initial cost of its right-of-use asset? (several answers)

The lease incentive received from the lessor, added to cost.

The initial amount of the lease liability.

The initial direct costs incurred by Fermatis.

The interest that the lease liability will generate during the first year.

The estimated cost of dismantling the racking, as required by the lease.