Discuss whether the following terms would meet the definition of an asset using the IFRS defnitions. #so, explain with reference to the appropriate criteria. Mallid owns a corporate fleet of cars for senior management's use in performing work duties Pranchisee has a licence to operate a Tim Hortons restaurant Customized manufacturing machinery can only be used for one product ine and has a small and loved customer market Phe parent company has guaranteed the operating ine et credt et tes rubaidary, which rested in the subsidiary obtaining a lower terest rate than it would otherwise raceve is the guarante en moet ter the suburan O Freshwater in battles and is the spring water from a natural spring near its property. In the natural spring an asset of the company! Mountain Ski Resort Loften has to use its wow-making machine to make snow for its hills and trais when there is not enough natural snowfall is the new name for Mountains Discuss whether the following terms would meet the definition of an asset using the IFRS defnitions. #so, explain with reference to the appropriate criteria. Mallid owns a corporate fleet of cars for senior management's use in performing work duties Pranchisee has a licence to operate a Tim Hortons restaurant Customized manufacturing machinery can only be used for one product ine and has a small and loved customer market Phe parent company has guaranteed the operating ine et credt et tes rubaidary, which rested in the subsidiary obtaining a lower terest rate than it would otherwise raceve is the guarante en moet ter the suburan O Freshwater in battles and is the spring water from a natural spring near its property. In the natural spring an asset of the company! Mountain Ski Resort Loften has to use its wow-making machine to make snow for its hills and trais when there is not enough natural snowfall is the new name for Mountains