CERTYNEX IFRS ACADEMY

After the commencement date of a finance lease, which statements about the lessor's accounting are correct? (several answers)

The payment collected is recognised in full as income of the period.

The payment collected is applied against the gross investment and reduces both the principal and the unearned finance income.

The lessor continues to depreciate the underlying asset within its property, plant and equipment.

The derecognition and impairment requirements of IFRS 9 apply to the net investment.

The estimated unguaranteed residual values used in the gross investment are reviewed regularly.