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leases

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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August 4, 2021 at 3:34 am #630324
Noah098
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sir does IAS 16 state that there should be EXCLUSIVE right to use the asset in order for a contract to be categorised as lease (and not a service contract)?
August 4, 2021 at 6:29 pm #630405
Stephen Widberg
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For the sake of the exam …………….. exclusive.
But as always it’s a judgement call.
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