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International Financial Reporting Standards (IFRS) 16 Leases replaces International Accounting Standards (IAS) 17 Leases. Discuss IFRS 16 and consequential impact on the following: Operating lease

International Financial Reporting Standards (IFRS) 16 Leases replaces International Accounting Standards (IAS) 17 Leases.

Discuss IFRS 16 and consequential impact on the following:

Operating lease

Capital lease

Sale and leaseback

Direct lease

leveraged lease.

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