Question

what is the differences between the old and new lease standard and which standard requires more judgment? Please Explain!

Answer 1

gat alud There is a cliffixeuce deturcen Llease Standard the old assed new The basic clifferences are as follosess → The fusencial Accounting Standards Rosechs SL res leading will impact on dessels Larigin can be tracfeel to obelrules > The old please menowe the liftforenices Leeteusz Hoperating-deal and capital Leasē essclucleo in Kebolence Sheete. ' The two clifferences can ze closeused peom , mancial Accounting concept which defences Assets A labelities. Cry The Assets cuatechin the lease contract is consederech a right use of assets and is clefesses th 15|| ly who has come ad owat. 7 indvro ASC Topic 840, a lease was candesbered a Capital Lease wuches the Standoreld that enistech at that time. But we have to remember those Hold Standasols Stillisits New Standard shore keqewi yuelgeren: JOS - diw standard make it clear that, | any final f ease including: avea ting lengte Lumight need to dele candeelsted an Atted lialality. The destinatien in mew blast Bee Irelated to contracts Lucauer an Actual Lease may hit enests or the agreemeni #mayut be called a tease