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Can I depreciate a leased asset over its lease period? We have leased a land from our parent company and built some office complex there. Our lease term is 02 years but we are certain that we can renew the lease agreement for any future period. My question is whether we can depreciate the building cost over a period of, say, 10 years?
in IFRS 16 - Leases by

1 Answer

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If you are certain that the lease will continue for 10 years, i think you can depreciate over 10 years