AASB 16/IFRS 16 Leases requires lessors to account for lease receipts from operating leases as:

Question

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AASB 16/IFRS 16 Leases requires lessors to account for lease receipts from operating leases as income, on a straight-line basis over the lease term. This means that the lessor would recognize the lease receipts as revenue in a consistent amount over the lease term, rather than recognizing the entire amount of lease receipts at the inception of the lease or at the end of the lease term.

AASB 16/IFRS 16 Leases Requires Lessors to Account for Lease