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Which of the following best describes current standards in accounting for leases under IFRS? Question 37Select one: a. Only long-term leases are capitalized. b. Leases
Which of the following best describes current standards in accounting for leases under IFRS?
Question 37Select one:
a.
Only long-term leases are capitalized.
b.
Leases are not capitalized.
c.
All leases are capitalized, unless the lease is considered a low value lease.
d.
Leases similar to instalment purchases are capitalized.
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