CERTYNEX IFRS ACADEMY

Calvenor, a lessor, reviews the clauses of a forklift truck lease. Which clauses are indicators that could also lead to a finance lease?

If the lessee cancels, it bears the lessor's losses associated with the cancellation.

The lessor alone keeps the gains and losses from fluctuations in the fair value of the residual.

The lessee can continue the lease for a secondary period at a rent substantially lower than market rent.

Gains or losses from fluctuations in the fair value of the residual accrue to the lessee.

The lessor may inspect the trucks once a year.