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How much is the lease expense for Kwamashu Traders Pty(Ltd) for the year ended 31 December 2022. Kwamashu Traders...

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How much is the lease expense for Kwamashu Traders Pty(Ltd) for the year ended 31 December 2022. Kwamashu
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How much is the lease expense for Kwamashu Traders Pty(Ltd) for the year ended 31 December 2022. Kwamashu Traders Pty (Ltd) leases a desktop from Tayab inc for a period of 24 months. This lease qualifies as a lease of a low value asset, and thus qualifies for the recognition exemption. Kwamashu Traders Pty (Ltd) chooses to apply the recognition exemption to this lease. The lease payment is R20 000 per month for the first year (2021) and R25 500 per month for the second year (2022). The lease commenced on 01 April 2021. Kwamashu Traders Pty (Ltd) has a 31 December year end ⒸAR240 000 OB. R306 000. OC. R180 000. O D. R273 000

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Intermediate accounting

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: September 30, 2023 04:02:33
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