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PKF Update 6
The February discussion between the Boards focused on the
continued objections from constituents to the 2010 ED's proposed
'front-loaded' lessee expenses pattern. There was general agreement
among board members that something should be done to address this.
They confirmed their previous decision that the lease liability,
being a financial liability, should be measured at amortised cost
using a rate method, so attention was directed towards measurement
of the right of use asset. The Boards could not however agree on
which solution to propose.
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