JXM operates in J-land where the currency is the J$. The exchange rate of the J$ to the US dollar is 1:1. TXM wishes to apply the recognition exemptions of IFRS 16: Leases where possible, and enters into five leases as the lessee. Which three of the following scenarios should qualify for the recognition exemptions of IFRS 16 Leases? Solution A.An eight-month lease of a machine with an underlying value of T$100,000 for eight months. B.An 18-month lease of a warehouse with an underlying value of T$3,000,000. C.A two-year lease of second hand equipment, worth T$4,000 currently but costing T$12,000 new. D.An 11-month lease of furniture with an underlying value of T$3,000. E.A five-year lease of a computer with an underlying value of T$2,000