Identify each of the following statements as True or False: - According to AASB 16, lessees always have to recognise a lease on their balance sheets whereas lessors can classify a lease as either a finance lease or an operating lease. - If a lease is classified as an operating lease, lessors should depreciate the underlying asset over its economic useful life, rather than over the lease term. - For lessees, one of the implications of the on-balance sheet treatment of a lease is increased return on total assets and increased debt ratio. - An indicator suggesting a lease should be classified as an operating lease is when a lease contract can be cancelled by lessee at any point during the lease term