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How can treat the lessees and lessors with regards

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There are two types of Leases that we have studied, that is Operating Lease and Finance Lease. However, these Leases are previously covered by the IAS 17 and just recently in 2019 it has been replaced by IFRS 16, so now the IFRS 16 is the new standard that we are currently complying to.

Problem 1: With this, how can we treat the Lessees and Lessors with regards to its regulation and how can we classify in Lessor's perspective? Please Discuss.

Reference no: EM132889469

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