Indexing a minimum amount for low value leased assets 2024
Tweuus has been reporting on indexing of Leased assets of low value every year since 2017.
Via an exception in the IFRS 16 rules, 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 the administration.
Due to rising inflation, indexing now has more attention than before.
Using the form below, request the article in which Tweuus covers annual indexation for free until the end of January 2023.
Your administration is not only simplified when applying leased assets of low value, the benefit of leasing (preservation of cash) also plays a role. For an example ‘how to’, request (in the above comments box) the article Accounting for low-value leased or visit the web shop directly.