In Circumstances Where the Lessee Is Unable to Determine the Implicit

question 62

Multiple Choice

In circumstances where the lessee is unable to determine the implicit interest rate in a lease agreement,AASB 117 requires the lessee to use.

• A) The incremental lending rate of the lessor.
• B) The weighted average cost of capital of the lessee.
• C) The incremental borrowing rate of the lessee.
• D) The internal rate of return on similar projects adopted by the lessor.
• E) None of the given answers.

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