What is the cost basis of an asset acquired by a lease,which is in substance an instalment purchase?

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According to IAS 17 (Leases), in substance, an instalment purchase occurs when the lease agreement effectively transfers all the risks and rewards of ownership to the lessee. In such cases, the lessee should recognize the leased asset and the lease liability at the beginning of the lease term at the present value of the future minimum lease payments, which excludes any executory costs and any profit thereon. Therefore, the cost basis of an asset acquired by a lease that is, in substance, an instalment purchase is the present value of the future minimum lease payments under the lease (exclusive of executory costs and any profit thereon) discounted at an appropriate rate.

What Is the Cost Basis of an Asset Acquired by a Lease,which