No doubt one for the more technical accountants, but with a number of retail and office tenancies sitting vacant, or at reduced capacity at the moment due to COVID 19, there may be an asset impairment on the lessee's right of use lease asset.
Australia Asset Impairment
- Thread starter Jono
- Start date
Yep, it might well. There aren't any 'exemptions' as far as I know, on account of COVID-19. There's a good article here from IFRS. It's lengthy, but worth a look if you're interested:
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