Property Manager - EBS (MOSC)

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IFRS16 - Equipment Lease - ROU only One-Time - Make good provision

edited Jun 12, 2019 8:19PM in Property Manager - EBS (MOSC) 6 commentsAnswered

Hi,

I am trying to create a lease with a make good provision but am encountering errors when setting up the payments.

A make good obligation represents the requirement for the lessee to restore the leased asset to the condition it was in prior to entering into the lease agreement. The ROU asset will increase to include the anticipated cost of meeting the make good obligation. The make good obligation itself does not adjust the lease liability.

Has anyone successfully created a make good provision?

Examples below.

Lease Details

Lease Commencement Date: 01-DEC-2018

Lease End Date: 30-NOV-2021

Lease Payment Details

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