【单选题】On 30/6/20X0 Beta Ltd (Beta) leased equipment from Capital Finance Group. The lease had the following terms. • The term of the lease is five years. • The useful life of the equipment is eight years. •...
A.
According to IAS 17 Leases, Beta should recognize an asset and liability at the inception of the lease.
B.
According to the Conceptual Framework, Beta should recognize an asset and liability at the inception of the lease.
C.
According to the Conceptual Framework and IAS 17 Leases, Beta should recognize an asset and liability at the inception of the lease.
D.
According to the Conceptual Framework and IAS 17 Leases, Beta should not recognize an asset and liability at the inception of the lease.