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A short-term lease: Multiple Choice A. Is defined as having a lease term...

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Question

Accounting

A short-term lease:

Multiple Choice

A. Is defined as having a lease term of fourteen months or less.

B. Not required to be accounted for by the short-cut method if using IFRS.

C. Is defined as having a value of $16,000 or less.

D. Must be accounted for by the short-cut method if using U.S. GAAP.

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