IAS 17 – Leases: Finite hold land and franchise

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October 30, 2010 at 2:56 pm #45745
lehalinh610
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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!!!
October 31, 2010 at 5:35 pm #69959
biggles
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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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