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Can I depreciate building on leased land above the lease period?

asked Jan 10, 2016 in IAS 17 - Leases by anitha

Can I depreciate building on leased land above the lease period?

depreciation
leased-assets

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answered Jan 14, 2016 by lolalilo23 Level 1 Member (1.7k points)
selected Jan 16, 2016 by Visio

Best answer

You can only do this if you are certain that you will extend the current lease period.

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