Question: Alice van der Lund has stated: I dont know why standard setters spend so much time on deliberating lease capitalisation. Lease capitalisation is a waste

Alice van der Lund has stated: I dont know why standard setters spend so much time on deliberating lease capitalisation. Lease capitalisation is a waste of time. It only grosses assets and liabilities by the same amount. It therefore has no impact on leverage ratios such as total liabilities to total assets. It has no impact on income or cash flows or the assessment of liquidity. Assess this statement.

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