Which statement best describes short-term leases under IFRS 16?

Which statement best describes short-term leases under IFRS 16?

• A. Lease payments for short-term leases are expensed as incurred.
• B. Short-term leases are capitalized as ROU assets.
• C. Short-term leases are recorded as depreciation.
• D. Short-term leases are ignored for accounting.

Answer: (A)