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The IASB provides an exception for the required capitalization of all leases by the lessee...

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Accounting

  1. The IASB provides an exception for the required capitalization of all leases by the lessee for
    1. leases of underlying assets with low value only.
    2. short-term leases with a term of 12 months or less only.
    3. leases of underlying assets with low value and short-term leases with a term of 12 months or less.
    4. None of these are correct.

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