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Babies' motor achievements have a powerful effect on their
International Accounting Standards
A set of accounting standards stating how particular types of transactions and events should be reported in financial statements, issued by the IFRS Foundation.
IAS 17
International Accounting Standard 17, which outlines the accounting policies and disclosures regarding leases for both lessees and lessors.
Capital Lease
This is a lease agreement that is classified as a purchase by the lessee, allowing the lessee to record the leased asset as owned on their balance sheet.
Economic Life
The estimated period over which an asset is expected to be useful and generate revenue, differing from its physical life.
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