Articles tagged with: leasehold land for 99 years lease-amortization
IAS 16 »
Dear Reader,
A company pays for Land which is on a lease for 99 years. As per the norms available, most of the lands are on 99 years lease. Should depreciation/amortization= 1/99 years be provided on the same per IAS 16 or IAS17.
Under which para this is covered in IFRS……….regards eish taneja
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