Which one of the following statements regarding IFRS $16$ leases is true?

A lessor recognises a receivable in respect of a lease for an asset that is so specialised that only the lessee could use it without major modification

Lessees apply the same accounting treatment to all leases without exception

A lessor deducts initial direct costs incurred in arranging an operating lease from the carrying amount of the leased asset

In a sale and leaseback transaction if a transfer is a sale, proceeds are recognised as a financial liability