Accounting Standard 19, Lease is applicable on following Leases:

(A) Lease agreements to explore for or use of natural resources, such as oil, gas, timber metals and other mineral rights.

(B) Legal owner of an asset conveys to another party in return for a payment or series of periodic payments, the right to use an asset for an agreed period of time.

(C) licensing agreements for items such as motion picture films, video recordings, plays, manuscripts, patents and copyrights.

(D) lease agreements to use lands