Indexing minimum amount for low value leased assets 2022
It is allowed for leased assets with an original value of US$ 5,000 maximum to be recorded and reported simply via an exception, a so-called ‘practical expedient’.
The information accompanying IFRS 16 states that the amount referred to may be indexed annually.
Perhaps influenced by rising inflation, indexing now has more attention, but Tweuus has been reporting on this every year since 2017.
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Also interesting: how do you account for such ‘small’ assets?