MFRS116 does not apply to: a
Property, plant and equipment classified as held for sale in accordance with MFRS5 Non-current Assets Held for Sale and discontinued operations;
b
A property classified as an investment property in accordance with MFRS140 Investment Property. Biological assets related to agricultural activity (see MFRS141 Agriculture)
c d
The recognition and measurement of exploration and evaluation assets ( see MFRS6) and Mineral rights and mineral reserves such as oil, natural gas and similar nonregenerative resources.
e
Can the following assets can be considered as property, plant and equipment ?   
A hotel property where the owner also manages the hotel is not an investment property and shall be classified as property, plant and equipment. Certain show-animals, which do not satisfy the definition of biological assets may be classified as property, plant and equipment. A building used for administrative purposes may generate some rental income from letting out a part of the building. Let say, a floor of a 10-storey building is rented out to another party for operating a canteen. a.
if the part rented out is insignificant relative to the building as a whole and rental income is incidental to the use of the building, the entire building is classified as property, plant and equipment.
b.
if the part rented out is significant and rental is an important source of income to the entity, the part rented out should be treated as investment property and the remaining part used for administrative purpose treated a property, plant and equipment.