Question: AB Ltd leases a computer for 2 4 months. The lease payment is R 2 2 5 0 per month for the first year 2

AB Ltd leases a computer for 24 months. The lease payment is R2250 per month for the first year 2021 and 2550 for the second year 2022. The lease commenced on 1 march 2021. Assume a 31 december year end. The lease qualifies as a lease of a low value asset and qualifies for a recognition exemption. Calculate the lease expense as at 31 december 2021.

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