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Which of the following best describes current standards in accounting for leases under IFRS? Only long-term leases are capitalized. Leases similar to instalment purchases are

image text in transcribed Which of the following best describes current standards in accounting for leases under IFRS? Only long-term leases are capitalized. Leases similar to instalment purchases are capitalized. All leases are capitalized, unless the lease is considered a low value lease. Leases are not capitalized

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