Which of the following statements regarding lease accounting under IFRS 16 is false?

a. After lease commencement, a lessee measures a right-of-use asset using the cost model, unless the right-of-use asset is an investment property and the lessee uses the fair value method under IAS 40 for its investment properties, or the lessee is entitled to elect to account for the right-of-use asset under the revaluation method described in IAS 16.

b. The right-of-use asset is initially measured based on the amount of the initial measurement the lease liability, any initial direct cost incurred by the lessee as well as some other elements of cost described in the standard,

c. The distinction between an operating lease and a finance lease is relevant to lessor accounting, but not relevant to lessee accounting.

d. The recognition exemption for short-term leases and leases for which the underlying asset is of low value applies to lessor accounting but not lessee accounting