Refer to the information in P20-3. Follow the instructions under the assumption that Hunter Ltd. follows IAS 17.

Data From P20-3:

On January 1, 2017, Hunter Ltd. entered into an agreement to lease a truck from Situ Ltd. Both Hunter and Situ use IFRS 16. The details of the agreement are as follows:

Additional information:
1. There are no abnormal risks associated with the collection of lease payments from Hunter.
2. There are no additional unreimbursable costs to be incurred by Situ in connection with the leased truck.
3. At the end of the lease term, Situ sold the truck to a third party for $3,200, which was the truck's fair value at December 31, 2019. Hunter paid Situ the difference between the residual value guarantee of $3,500 and the proceeds obtained on the resale.
4. Hunter knows the interest rate that is implicit in the lease.
5. Hunter knows the amount of executory costs included in the minimum lease payments.
6. Hunter uses straight-line depreciation for its trucks with the residual value guarantee of $3,500 for the leased truck.