non-cancellable lease

A lease that is cancellable only:

  1. upon the occurrence of some remote contingency;
  2. with the permission of the lessor;
  3. if the lessee enters into a new lease for the same or an equivalent asset with the same lessor; or
  4. upon payment by the lessee of such an additional amount that, at inception of the lease, continuation of the lease is reasonably certain.

(According to International Accounting Standards IAS 17)

Article ID: 2085
Last updated: 16 Feb, 2022
Bản cập nhật: 1
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