Leasing accounting treatment - the contract amount change?
My company started to apply FRS116 Lease accounting to the office rent since last Apr'20.
From Oct'20, the monthly rent is going to increase and the rent review will be conducted every 3 years and it can increase or decease again.
ROU asset and Lease liabilities are all calculated when FRS116 started.
How should I apply this rent increase to the current lease arrangement?
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