Which of the following is included within the scope of IFRS 16 Leases?
A) lease agreements for motion picture films;
B) lease agreements to explore for minerals;
C) lease agreements for biological assets;
D) lease agreement for an oil refinery.

Question

Quizplus · Accepted Answer

Lease agreement for an oil refinery is included within the scope of IFRS 16 Leases. IFRS 16 applies to leases of all types of assets, except for leases of intangible assets such as patents, copyrights, and licenses. Therefore, options A, B, and C are not within the scope of IFRS 16.

Which of the Following Is Included Within the Scope of IFRS