Under IFRS 16, a lessor is required to reassess a lessee’s exercise of ________ only when it was not already included in the determination of the lease term. What is the missing phrase?
A price concession
A transfer of ongoing obligations
An option to extend or terminate
An option to purchase
Under IFRS 16, a lessor is required to reassess a lessee’s exercise of an option to extend or terminate only when it was not already included in the determination of the lease term.
