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IFRS16 allows lessees not to recognise a right-of-use asset or a lease liability for certain types of lease. These are: O a. O b. O c. O d. Leases with a term of 12 months or less and leases of low-value assets Leases with a term which exceeds 12 months. Leases with a lease term of 12 months or less Leases of high-value assets

IFRS16 allows lessees not to recognise a right-of-use asset or a lease liability for certain types of lease. These are: O a. O b. O c. O d. Leases with a term of 12 months or less and leases of low-value assets Leases with a term which exceeds 12 months. Leases with a lease term of 12 months or less Leases of high-value assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!Please do not rely too much on chatgpt, because its answer may be wrong. Please consider it carefully and give your own answer. You can borrow ideas from gpt, but please do not believe its answer.Very very grateful!
IFRS16 allows lessees not to recognise a right-of-use asset or a lease liability for certain types of lease. These are: O a. Leases with a term of 12 months or less and leases of low-value assets O b. Leases with a term which exceeds 12 months. O c. Leases with a lease term of 12 months or less O d. Leases of high-value assets
Transcribed Image Text:IFRS16 allows lessees not to recognise a right-of-use asset or a lease liability for certain types of lease. These are: O a. Leases with a term of 12 months or less and leases of low-value assets O b. Leases with a term which exceeds 12 months. O c. Leases with a lease term of 12 months or less O d. Leases of high-value assets
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