AASB/IFRS 16

Australia Discussion in 'Exams and Studying' started by Whbay, Jul 30, 2018.

  1. Whbay

    Whbay

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    Hi all!

    Just after some clarification/ example. In regards to AASB 16 and being identifiable
    1 -When an asset can be substituted at any time (with the same model/year)
    Is it assumed that the supplier will gain economic benefit to satisfy both the criteria?
    2- If the substitution is due to repair ect there is no economic benefit so can be indentifible for lease reasons
    3- Is there any examples or is it possible for it to be substituted at any time of the lease (not for repair eat) but that substitution has no economic benefit for the supplier?

    I hope that makes sense
    Thanks :)
     
    Whbay, Jul 30, 2018
    #1
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