Which of the following assets is always considered a separate lease component in a lease, unless the impact on the financial statements of not separating it from the other asset(s) is insignificant?
A) land
B) services associated with the lease
C) fully depreciated assets
D) All of the above

Question

Quizplus · Accepted Answer

Land is always considered a separate lease component in a lease unless the impact on the financial statements of not separating it is insignificant, due to its indefinite useful life and unique characteristics.

Which of the Following Assets Is Always Considered a Separate