The same quantitative thresholds for determining the existence of finance leases apply under both IFRS and ASPE.

Name: The same quantitative thresholds for determining the existence of finance leases apply under both IFRS and ASPE.
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IFRS and ASPE have different criteria and quantitative thresholds for determining the existence of finance leases. IFRS uses a principles-based approach focusing on the substance of the transaction, while ASPE provides more specific quantitative thresholds and criteria.

The Same Quantitative Thresholds for Determining the Existence of Finance