IFRS 16 Leases Deems Cancellable Leases with Which of the Following

IFRS 16 Leases deems cancellable leases with which of the following characteristics to be non-cancellable: $$\begin{array} { | l | l | l | l | l | } \hline&I&II&III&IV\\\hline \begin{array} { l } \text { Leases that can be cancelled upon the occurrence of } \\\text { some remate contingency }\end{array} & \text { No } & \text { Yes } & \text { Yes } & \text { Yes } \\\hline \begin{array} { l } \text { Leases that can be cancelled only with the permission of } \\\text { the lessor }\end{array} & \text { Yes } & \text { No } & \text { Yes } & \text { Yes } \\\hline \begin{array} { l } \text { Leases where the lessee, upon cancellation, is committed } \\\text { to enter into a further lease with the same lessor }\end{array} & \text { Yes } & \text { Yes } & \text { Yes } & \text { No } \\\hline \begin{array} { l } \text { Leases that require the lessee to pay a substantial penalty } \\\text { on cancellation }\end{array} & \text { Yes } & \text { Yes } & \text { Yes } & \text { No } \\\hline\end{array}$$

A) I;
B) II;
C) III;
D) IV.

Correct Answer:

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