Identified asset, a term from IFRS 16 Leases. Let's see what it is all about.... It is separable, i.e., is capable of being separated from the entity and sold
Lease - a contract, or part of a contract, that conveys the right to use an asset (the underlying asset) for a period of time in exchange for consideration.
IFRS 16 Leases introduced the term 'Assets of low value'. IFRS 16 does not provide much guidance to assess what 'low value' means.