Question: 1 . Describe the steps involved in performing the analysis of which concession locations / rights are considered identified assets. 2 . Why is it

1 .

Describe the steps involved in performing the analysis of which concession locations

/

rights are considered identified assets.

2 .

Why is it important for Andale to determine whether the concessions agreement is a lease? What impacts could this conclusion have on Andale's accounting?

3 .

What would have happened if Andale had concluded that the arrangement does not involve identified assets? What analysis would have been performed next?

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