On 1 April 2023, Endale Ltd (which prepares accounts to 31 March each year) enters into a lease of computer equipment. The company is required to make six half-yearly lease payments of £7,674 each and the first payment falls due on 1 April 2023. The rate of interest implicit in the lease is 6% per half-year.
Calculate the finance charge which should be recognised as an expense in the company's financial statements for each of the years to 31 March 2024, 2025 and 2026 (prepare a table with one row for each half-year). Also calculate the initial amount of the right-of use asset that should be recognised on 1 April 2023.