5. Which of the following statements is correct? O IAS 16 Property, Plant & Equipment forbids the capitalisation of any subsequent expenditure on an asset O IAS 36 Impairment of Assets applies to all assets including inventories and receivables O IAS 20 Accounting for Government Grants and Disclosure of Government Assistance allows grants related to assets to be presented in the statement of financial position as deferred income or as a deduction from the cost of the related assets. IFRS 16 Leases always requires a lessee to recognise a right of use asset in respect of a lease