IAS 17 - Leases: Finite hold land and franchise

Llehalinh61015y ago

Plz help me with these:
- Finite-hold land is classified as operating lease (Lease Prepayment) under IAS 17. So if franchise is finite hold, it will be classified as Operating Lease or Intangible asset??? Because I think they are the same nature.
I am confused about that... Plz explain for me!
Thanks in advance!!!

Bbiggles15y ago#1

Freehold land is forever! If a franchise is equally forever - doubtful - then it's probably an intangible asset to be amortised

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