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IFRS 16 Classification of Leases

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IFRS 16 classification of leases
Under the new IFRS 16 what are leases classified as and how are they accounted for? What are the two exceptions to this standard?


Definitions:

Music Therapy

The clinical use of music interventions to accomplish individualized goals within a therapeutic relationship.

Chronic Pain

Persistent pain that lasts weeks to years, often beyond the expected period of healing, complicating the patient's quality of life and functioning.

Assess Pain

The process of evaluating and measuring a patient’s pain intensity, quality, and location, often using scales or descriptions, to guide treatment decisions.

Morphine Sulfate

An opioid medication used to treat moderate to severe pain by acting on the central nervous system.

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