According to IFRS, the lessee must report a leased asset as well as a lease liability if the lease qualifies as a finance lease.

Name: According to IFRS, the lessee must report a leased asset as well as a lease liability if the lease qualifies as a finance lease.
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Under IFRS 16, lessees are required to recognize assets and liabilities for all leases, except for short-term and low-value leases, effectively treating them as finance leases.

According to IFRS, the Lessee Must Report a Leased Asset