The lessee exercising a purchase option, the terms of which are included in the original agreement, would result in a new measurement of lease payments. According to the principles outlined in the reference materials, when a lessee exercises a purchase option, they would need to be reassessed based on the new assessment, leading to a change in the lease payment determination. The other options, such as the lessor reducing the consideration to secure an additional contract or the lessee allowing a renewal option to lapse, typically wouldn't trigger a new measurement of lease payments. The lessor refusing to modify the contractual term also would not necessarily result in a new measurement, as it doesn't affect the lease payments. Therefore, the event that would result in a new measurement of lease payments is when the lessee exercises a purchase option that was part of the original agreement.
When Does a New Lease Payment Measurement Occur?
Which one of the following events would result in a new measurement of lease payments?
The lessee exercises a purchase option, the terms of which are included in the original agreement
The lessor agrees to reduce the consideration received to secure an additional contract with the lessee
The lessee allows a renewal option with the lessor in the last year to lapse
The lessor refuses to modify the contractual term of the lease arrangement from five to four years
