IFRS has 2 exceptions for leases being capitalized:

1. low dollar value

2. short-term leases

true

false

To be considered a sales-type lease, the fair value of the lease should be greater than the lessor's cost of the asset.

	True
	False

IFRS 16 uses a contract basis to evaluate lease contracts which results in almost all lease contracts to be capitalized as finance leases.

	True
	False