Question: On 1st january 20X2, Bailey pic leased a machine under a four-year lease with four annual lease payments of 25,000 made on 31st Dec of

On 1st january 20X2, Bailey pic leased a machine under a four-year lease with four annual lease payments of 25,000 made on 31st Dec of each year. The lease has an implicit annual interest rate of 10%. What amount will appear under current liabilities in respect of this lease in the statement of financial Select one: a, 20,408 b. 25,000 c. 20,661 d. 18,783 e. E43,388

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