Question 10 of 12 - /1 III View Policies Current Attempt in Progress If a corporation adhering to IFRS sells machinery at fair value and then leases it back (sale-leaseback) as a finance lease, any gain on the sale should be deferred and amortized to income over the term of the lease. recorded as other comprehensive income. O recognized in the year of sale." O deferred and recognized as income at the end of the lease