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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Leasehold
Professor, is Leasehold Asset part of IAS-16 (PPE) or IFRS-16 (leasing)?
Hi,
Leasehold building are still part of PPE as we still own the building but someone else owns the land that it was built upon, hence we use IAS 16.
Thanks,
Thank you!