Indexing a minimum amount for low value leased assets 2023
We are talking about “Leased assets of low value” and accounting when applying IFRS 16.
Via an exception, a so-called ‘practical expedient’, simplified accounting and reporting is allowed for leased assets with an original value -as at the beginning of 2016- of up to US$5,000.
The accompanying information to IFRS 16 states, that the said amount can be indexed annually.
Applying low value leased assets clearly simplifies administration.
Perhaps influenced by rising inflation, indexing now has more attention, but Tweuus has been reporting on this every year since 2017.
Using the form below, request the article in which Tweuus covers annual indexation for free until the end of January 2023.
For English, see below or next to the Dutch text line(s)
Your administration is not only simplified when using leased assets of low value, the benefit of leasing (preservation of cash) also plays a role. For example, request in the above box the explaining article for your administration of benefits using low-value leased assets.