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MFRS 16 Leases permits certain assets to be exempt from the recognition treatment for right...

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Accounting

MFRS 16 Leases permits certain assets to be exempt from the recognition treatment for right ofuse assets.

Which of the following assets leased to an entity would be permitted to be exempt?

a. A new motor vehicle with a cost of RM15,000, leased for 24 months, to be rented to customers on a daily rental basis.

b. A used motor vehicle with an original cost of RM15,000 and a current fair vale of RM700 leased for 24 months.

c. A new motor vehicle with a cost of RM15,000, leased for 24 months.

d. A new motor vehicle with a cost of RM15,000, leased for 12 months.

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