All of the following are instances that an entity shall not apply PFRS 16 to all leases, including leases of right-of-use assets in a sublease, except for: * A. Leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources B. Licenses of intellectual property granted by a lessor outside the scope of IFRS 15 Revenue from Contracts
All of the following are instances that an entity shall not apply PFRS 16 to all leases, including leases of right-of-use assets in a sublease, except for: *
A. Leases to explore for or use minerals, oil, natural gas and similar non-regenerative resources
B. Licenses of intellectual property granted by a lessor outside the scope of IFRS 15 Revenue from Contracts with Customers
C. Rights held by a lessee under licensing agreements within the scope of IAS 38 Intangible Assets for such items as motion picture films, video recordings, plays, manuscripts, patents and copyrights.
D. Leases of biological assets within the scope of IAS 41 Agriculture held by a lessee
E. Service concession arrangements within the scope of IFRIC 12 Service Concession Arrangements;
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
