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MSR 16

RSM_Poland_Leasing_Okres_Uzytecznosci

Economic life of leased assets according to balance sheet law

18 October 2022
Klaudia GREC
Under the balance sheet law, if lease was concluded for a period of more than 75% of the economic life of the leased asset, it should be recorded in the balance sheet as finance lease. How can the entrepreneur check if the lease they concluded meets this requirement and thus must be recognised accordingly in the books?