A lessee should initially recognize a right-of-use asset at cost. This cost figure includes: The undiscounted amount of the lease payments to be made after commencement of the lease The amount of the...

Extracted text: A lessee should initially recognize a right-of-use asset at cost. This cost figure includes: The undiscounted amount of the lease payments to be made after commencement of the lease The amount of the initial measurement of the lease liability Any initial direct costs incurred by the lessor The fair value of the underlying asset