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State the classification of the property with relevant mfrs

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a. Lubaini Bhd leased out its property under an operating lease. The company provides security and maintenance services to the lessees who occupy the building. These services are insignificant in the leasing agreement.

b. Young Bhd owns an aged care facility comprising 100 apartments which it rents outs to residents. The rental agreement with residents stated that Young Bhd provides services covering daily cleaning services for all areas of facility, employs nurses at the facility, provides security staff, on-site maintenance services, meals for all residents and provide entertainment and other activities for residents.

Problem 1: For each of the above scenario, state the classification of the property with relevant MFRS.

Reference no: EM132759829

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