Last update 15/05/2019
Does the customer, the supplier or neither party have the right to direct how
and for what purpose the asset is used throughout the period of use?
Consider the explanations in How and for what purpose the asset is used, before answering the question yes or no. You will be going to the next question or come to a conclusion.
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Neither – how and for what purpose the asset will be used is predetermined |
| This is part of the walk through decision model that may assit in determining if a contract contains a lease within the scope of IFRS 16 Leases, go back to this page to start the decision model correctly. |
