Hi, if the sublease is classified as finance lease by the sublessor ,and later the head lease is modified, how do the transactions be accounted in the sublessor's book?
In other words, , what is the corresponding adjusting entries of lease liability for the modification when the Right of use asset has been derecognized in the sublessor's book
Thanks
IFRS 16- head lease modifications for lessee-sublessor
Re: IFRS 16- head lease modifications for lessee-sublessor
I would apply general requirements anyway with the possible implication that some entries may end up in P/L instead of adjusting RoU
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