What Is A New Proposal To Handle The Accounting For Leases Issue?
Discuss leasee obligations such as retirement and asset maintenance, ways to handle variable lease payments, residual value guarantees, options to acquire additional usage for bargain purchases, options to extend and terminate a lease, initial and subsequent measurement for rights and obligations arising in a lease contract, revenue recognition, accounting for the leased item on the books the leasor, recognition and measurement of the leasors receivables.
Can you please go and read IAS 17? It’s accounting for leases. Go read it and you’ll be able to do your homework on your own.