Which one of the following statements is reasonable with regards to identifying which arrangements are within the scope of IFRS 15? Electrify Ltd. sells 30 of the laptops that their finance and administrative staff have used to an underprivileged school. Given Electrify Ltd. is not in the business of selling laptops the school is not Electrify Ltd.’s customer. Therefore, IFRS 15 is not relevant to the sale of the laptops to the school. Creative Cooking Ltd. enters into a contract that is partially in the scope of IFRS 16 Leases and partially in the scope of IFRS 15 Revenue from Contracts with Customers. The separation and measurement requirements of IFRS 15 are applied first, thereafter IFRS 16 must be applied to the non-revenue components. Tai buys a motor vehicle from Electrify Ltd. Electrify Ltd. includes a repurchasing clause. Depending on the specific type of repurchase agreement, and more specifically whether Tai obtains control of the motor vehicle or not, the purchase agreement may or may not be within the scope of IFRS 15 High Rise Inc. incurs significant costs to obtain and fulfill a contract with a local consortium. Since IFRS 15 only contains guidance on revenue from contracts with customers, any costs High Rise Inc. incurs have to be assessed exclusively under other applicable IFRS accounting standards.