Which leases are to be capitalized on lessee balance sheet

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Reference no: EM132697116

Problem 1: Define which leases are to be capitalized on the lessee's balance sheet under IFRS 16. Explain how this is different from the criteria that was previously used in U.S. GAAP. Also, explain which industries are most likely affected by this change and why.

Problem 2: In one paragraph, explain why you think that the FASB voted to defer the effective date of the proposed ASC 842.

Reference no: EM132697116

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