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48. Which of the following types of leases are exempt from the recognition requirement of PFRS 16, allowing lessees to expense lease payments on a

48. Which of the following types of leases are exempt from the recognition requirement of PFRS 16, allowing lessees to expense lease payments on a straight-line basis? a. Leases with a lease term of 24 months or less b. Leases of land and buildings c. Leases with a lease term of 12 months d. Leases involving high-value equipment

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