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How has IFRS 16 changed for lessees and lessors in relation to distinguishing between the two types of leases? (1 mark) Identify five practical

How has IFRS 16 changed for lessees and lessors in relation to distinguishing between the two types of leases? (1 mark) Identify five practical expedients and exemptions allowed in IFRS 16 and describe how they are used. (5 marks) List the five criteria under IFRS 16 for determining if a lease is finance lease. (5 marks)

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