Under ASPE, the lessor is required to expense any direct costs associated with a lease up front.

Name: Under ASPE, the lessor is required to expense any direct costs associated with a lease up front.
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Quizplus · Accepted Answer

Under ASPE (Accounting Standards for Private Enterprises) in Canada, the lessor capitalizes direct costs associated with obtaining a lease and amortizes them over the lease term, rather than expensing them up front.

Under ASPE, the Lessor Is Required to Expense Any Direct