Which economic benefit should always be considered when assessing whether an arrangement includes a lease?
A. Economic benefits resulting from the use of the asset for the customer’s primary output
B. Economic benefits resulting from the use of the asset outside the defined scope of the contract
C. Economic benefits arising from the construction of the identified asset
D. Economic benefits arising from the ownership of the identified asset
When assessing whether an arrangement includes a lease according to IFRS 16, the economic benefits that should always be considered are those resulting from the use of the asset within the defined scope of the contract. Therefore, the correct answer is:
A. Economic benefits resulting from the use of the asset for the customer’s primary output
This aligns with the principle that a lease exists when a customer has the right to control the use of an identified asset and obtain almost all the economic benefits from its use during the specified period. The assessment of economic benefits should be within the context of the customer's rights as defined in the contract.
