Question: Under the IFRS 1 6 , what is the primary criteria for a lease to be classified as a finance lease? A . The lessor

Under the IFRS 16, what is the primary criteria for a lease to be classified as a finance lease?
A. The lessor retains ownership of the leased asset
B. The present value of lease payments exceeds the carrying amount of the asset
C. The lease term is less than 12 months
D. The lessee has a purchase option at the end of the lease

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