On the 31 December 2015, Nhyiraba Limited leased a machine for a project from Manii Limited up until 31 December 2020. There was no known interest rate in the contract agreement but Nhyiraba Limited's current cost of borrowing stood at 5 percent with a present value interest factor of an annuity (PVIFA) 2.50. The annual lease payment of R150,000 payable in advance was applied.

a. determine the right of use asset(ROU) at the initial recognition and subsequent recognition

b. Show the finance lease liability to be presented on the financial statements

c. Prepare a financial statement extract ( income statement and SOEP) for the above transaction

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a. Suppose P(A) = 0.6 and P(BIA) = 0.4. Find P(A n B). b. Suppose that A and B are independent events such that P(A) = 025. and P(B) = 0.4. Find P(An B). c. Suppose that A and B are mutually exclusive events such that P(A) = 0.3 and P(B) = 0.6; A is the complement of A. Find 1. P(AUB) 2. P(A) 3. P(An B) 4. P(ANB) a. Suppose P(A) = 0.6 and P(BIA) = 0.4. Find P(A n B). b. Suppose that A and B are independent events such that P(A) = 025. and P(B) = 0.4. Find P(An B). c. Suppose that A and B are mutually exclusive events such that P(A) = 0.3 and P(B) = 0.6; A is the complement of A. Find 1. P(AUB) 2. P(A) 3. P(An B) 4. P(ANB)

Answer rating: 100% (QA)

Answer a The right of use asset at the initial recognition is R150000 and th... View the full answer