Asset Lease Extendable term accounting
Dear Experts ,
We want to setup lease is for 10 years with a break option at year 5. Under IFRS16 guidance we interpret that we only show the non-cancellable term of the lease. Which in this case would be 5 years .
However lease can be Extending for 5 years,
Can you please tell us what would be accounting entries for Extendable term .
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