In certain respects, IFRS provide more principles-based guidance in accounting for lease transactions.Describe the differences between IFRS and GAAP in lease capitalization criteria that demonstrate the more principles-based approach of the IFRS.

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The Answer of In certain respects, IFRS provide more principles-based guidance in accounting for lease transactions.Describe the differences between IFRS and GAAP in lease capitalization criteria that demonstrate the more principles-based approach of the IFRS.

In Certain Respects, IFRS Provide More Principles-Based Guidance in Accounting