Question: Give me the answer only Question 4 On 1 July 2020, Amy Lid leased a processing plant to Kent Lid. The plant Not yet answered

Give me the answer only

Give me the answer only Question 4 On 1 July 2020, Amy

Question 4 On 1 July 2020, Amy Lid leased a processing plant to Kent Lid. The plant Not yet answered was purchased by Amy Lid on 1 July 2020 for its fair value of $512, 122. Marked out of 2.00 The lease agreement contained the following provisions: Flag question Lease term - 3 Years The economic life of the plant - 5 Years Annual rental payment, In arrears (Commencing 30/06/2021) - $200,000 Residual value at the end of the lease term - $100,000 Residual value guaranteed by the lessee - $60,000 The interest rate implicit in the lease - 10% Annuity factor @ 10% , after the 3 years - 2.4869 Discounting factor of $1, after 3 years - 0.7513 Determine the present value of the lease payments Choose... from the Dr Lease liability $145,754 Dr Interest expenses $54,246 Cr Cash $200,000 perspective $542,458 of Kent Dr Lease liability $148,788 Dr Interest expenses $51,212 Cr Cash 200,000 Ltd? Dr Cash $200,000 Cr Lease liability $145,754 Cr Interest expenses $54,246 $512,122 The $299,474 journal entry to record first lease Choose... payment by Kent Ltd would be

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