CERTYNEX IFRS ACADEMY

Ardoisine leases a rotary printing press for 5 years; the lease provides for the automatic transfer of ownership of the press to Ardoisine at the end of the lease. The useful life of the press is estimated at 8 years. Over what period is the right-of-use asset depreciated from the commencement date?

5 years, because only the lease gives the right to use the press

3 years, period of use remaining after the lease

13 years, sum of the two periods

8 years, useful life of the press