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4:14
YouTube
Edspira
IFRS 16 Summary
Here's a summary of IFRS 16 for both lessees and lessors. Lessees must capitalize all leases except for short-term leases (12 months or less) and leases of low-value assets (asset has a fair value of $5,000 or less at the beginning of the lease). Capitalization means the lessee must record a right-of-use asset and a lease liability on its ...
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