Australia AASB/IFRS 16

Jul 30, 2018
Reaction score
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 :)

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

IFRS 16 1
Flower decoration and IFRS 16 3
IFRS Conferences 0
IFRS Pitfalls 3
IFRS Application 3
India IFRS 4 and IFRS 17 directives. 0
IFRS Pitfalls 0