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CalculationAdvancedVariant — group VG.IFRS16.000405Published

Question · Subsequent measurement of the right-of-use asset

The Corbelle firm leases premises for a lease term of 6 years, shorter than their useful life; the right-of-use asset, with a cost of 150,000, is depreciated on a straight-line basis over that term. After 3 years, a decrease in future lease payments leads to a reduction of the lease liability by 9,000 (given amount). The firm assumes a straight-line allocation of the new balance over the remaining term. Determine the adjusted carrying amount of the right-of-use asset and the depreciation charge for the fourth year.

Cost of the right-of-use asset
150,000
Lease term
6
Years elapsed
3
Reduction of the lease liability
9,000
Your answer

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