NO.PZ2024030503000059
问题如下:
Question-
Five annual lease payments of $25,000, with the first payment due 1 January of Year 1
-
Interest rate on similar company debt is currently 8%
-
The fair value of the equipment is $115,000
-
Useful life of the equipment is seven years
-
The company depreciates other equipment in the same asset class on a straight-line basis
The total expense related to the lease on the company’s income statement for Year 1 will be closest to:
A company that prepares its financial statements according to IFRS leased a piece of equipment on 1 January of Year 1. Information relevant to the transaction is as follows:选项:
A.$22,024.00 B.$25,000.00 C.$28,185.00解释:
Solution
-
Incorrect. It correctly classifies it as a finance lease but amortizes it over 7 years: 107,803/7 = 15,400; 15,400 + 6,624 = 22,024.
-
Incorrect. It assumes it is an operating lease and simply deducts the lease payment.
-
Correct. Under IFRS 16 all leases are classified as a finance lease and must be capitalized.
Using a financial calculator for an annuity due at the beginning of the period:
PV of lease payments: PMT = $25,000, i = 8%, N = 5, Mode = Begin, Compute PV.
PV = $107,803
Therefore, the lease would be capitalized at $107,803.
• explain the financial reporting of leases from the perspectives of lessors and lessees
首先先等确认是finance 租赁,因为是先付,所以PV值计算不同,只有通过这条PV在90% fair value之上才能确认是融资租赁,因为其他条件不能判定,比如租期不到剩余寿命的75%。
因为是先付,所以ROU是包括先付的,而lease liability不包括。那么就会初始确认ROU asset和lease liability就不一样的值了,后面一年的费用就是分别计算折旧和利息,然后汇总了。